Australians are addicted to real estate, and despite the most inept fiscal measures by the most inept government in recent history to put a damper on real estate prices, it will remain the people's first choice in accumulating wealth.
They live in their own houses and so feel comfortable to invest in them, despite the fact that even the most cursory comparison would prove that other forms of investment are not only less troublesome but also far more lucrative. A well-performing investment doubles in value every ten years. Compare this to the history of 7 Braidwood Street, Nelligen:
The internet now puts these facts and figures at our fingertips, and yet, the real estate market keeps bubbling along. Just in the last few weeks, 5 Sproxton Lane sokd for $1,475,000 and 23 Thule Road for $710,000, both well below their advertised asking price.
Let's see if this one finds a buyer. The splendid photographs should help.
P.S. Oops! Initially put up for sale with a tender closing date of 24 November 2026 and a price guide between $1,300,000 and $1,400,000, it has today, Monday, 9th November 2026, been re-advertised at $1.2 million. Methinks it'll go down further - if it sells at all!!!
