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It's Different Here!: Real Estate in Crisis - The Block Auction Results 2011
http://www.differenthere.com/2011/08/real-estate-in-crisis-block-auction.html
Wednesday, 24 August 2011. Real Estate in Crisis - The Block Auction Results 2011. It all began in June, when Watercress Productions, the production company behind the series, paid $3.6 million plus $198,000 stamp duty for the four terraces. That's $950,000 each. At the time of purchase, JPP Buyers Advocates' Catherine Cashmore said Watercress would be "very, very lucky to break even". On the deal. How right she was, as we'll find out. Done, one agent - ". Does $100,000 profit sound reasonable? That's ri...
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