^
a standard volt unit was $280,000 off the plans in 2004 with a 2 year rental guarantee at $400pw
the building was finished dec 2006? and when the 2 year rental guarantee ran out dec 2008? rents dropped to about $350pw
buyers who bought off the plan with $5000? down and relied on the rental guarantee for the mortgage payments, were suddenly left having to find an extra $50pw
mortgagee sales started about 2009
203 was sold for $159,000 in 2010
a few others at $160,000
it wasn't until 2012 that they got back over $200,000
2014 they finally started selling for what they had sold for
2015 they started making money
2016, 2017 top prices
2018 slight fall back
a standard volt unit was $280,000 off the plans in 2004 with a 2 year rental guarantee at $400pw
the building was finished dec 2006? and when the 2 year rental guarantee ran out dec 2008? rents dropped to about $350pw
buyers who bought off the plan with $5000? down and relied on the rental guarantee for the mortgage payments, were suddenly left having to find an extra $50pw
mortgagee sales started about 2009
203 was sold for $159,000 in 2010
a few others at $160,000
it wasn't until 2012 that they got back over $200,000
2014 they finally started selling for what they had sold for
2015 they started making money
2016, 2017 top prices
2018 slight fall back
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