22 March 2010

Week 22

There's nothing much new to report at the site. We're still waiting for the brickies to get round to our unit.

Some other exciting news - one of the other units is being advertised on Allhomes, and it's going for a good 16 per cent more than they were asking for it when we signed on for ours. If that's any indication of the capital gains already earned on our place we won't have to pay mortgage insurance and it's also quite a nice little gain!


Here's a screen grab of the listing.

For reference, this one was going for $395k in the middle of last year when we signed on for ours. It's now listed for $460k. I'm not sure why it's back on the market - maybe someone pulled out, or maybe it never sold the first time round. Either way, if it goes at that price, it bodes well for us! The unit is a bit smaller than ours and it doesn't have an attached garage.

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