The Gold Coast Bulletin reports on a family who sold their Broadbeach apartment to developers five years ago for $1.55 million. They have just brought it back from receivers for $381,000.
Read more here.
» Family buys back $1.55m unit for $381k – Gold Coast Bulletin, 7th August 2012.
» Woman buys $1.55m holiday apartment at Broadbeach for just $381,000 – News Limited, 7th August 2012
» Bargain property bonanza on the Gold Coast – Yahoo 7, 8th August 2012.
Reading the article on the Gold Coast Bulletin…
Apparently, the unit was NOT priceless ($1.55 million). Further, the unit was repurchased “with glee” for $381k. Glee subsidised by someone else’s misfortune (albeit a developer…but still). Aussies are wonderful people.