Padma has just returned from town with a bootful of groceries and a copy of the "Independent", a free rag which offers a few pages of local news wrapped in real estate advertisements.
It features a stunning property at 183 Annetts Parade, Mossy Point with a price guide ABOVE $4 million. If you don't believe me, here's the ad:
The house was built in 1965; it sold in 1995 for $180,000, and again in October 2020 - that's just eighteen months ago! - for $1,200,000.
The auction is set for Saturday at 2 p.m., so we should know soon after whether they made a three-million-dollar profit in just eighteen month!
P.S. Well, the auction was a flop with the property being passed in on a vendor's bid of $3.8 million. It is now re-advertised with a price guide of $4.1 to $4.4 million! Hope springs eternal in the human breast.
P.P.S. If you want to know what a property is worth, realestateview.com.au is a good starting point.
