Interesting article today showed the massive change that can happen in real estate in four years. A house that was sold in Port Headland in 2011 for $1.3 million is finally under offer today for only $420,000, about a third of the price that it was bought for. This is quite an extreme example because we're talking about a house in Port Headland, not suburban Perth. However, it shows that there is nothing guaranteed in real estate, as much as real estate agents swear hand on heart about.
Read the article here.
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