Have you ever wondered what it would cost to buy a house on Avoca Beach? Wonder no longer. 87 Avoca Drive just sold for $3,600,000.
This 4brm 2gar 4bth house last sold in Feb 2015 for $2,045,000. That is a gross capital gain of $1,555,000 in 42 months. Around $37,000 per month for that entire duration.
As you can see, from the photos below, there has been a spruce up renovation to give the house a beach feel, however, the cost of this improvement would not have been massive.
Finance can be tricky at the top end of the market, especially since Australia’s lenders have had to tighten up their policy. Please give me a call on 0414255530 if you need advice.