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PostPosted: 21 Mar 2013, 14:12 
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The auction of the 4 houses in Tasman Street Bondi was conducted on Tuesday 19 March 2013 with the following results.

The properties were sold with approved plans for a second floor addition. All properties had underground rain water tanks and solar panels.

Attachment:
Sale prices 19 March 2013.JPG
Sale prices 19 March 2013.JPG [ 35.11 KiB | Viewed 2032 times ]



For comparison, 2 Tasman Street Bondi was sold in September 2011 for $1.32 million so the sale of 10 Tasman Street Bondi for $1.37m, after a significant renovation complete with furniture, would appear that someone got a bargain.

The 4 houses were purchased by Watercress Productions for more than $4.4 million plus stamp duty in March 2012 and then had something like $900,000 of renovations carried out by the contestants and production team, plus $915,000 in prize money to the contestants, would be an overall cost to Watercress Production of about $6.48m.

From a property investment point of view, with a final sale price of $6.265m for the 4 houses it would mean that Watercress Productions has done much better than in prior series of this TV program when they have been more than $1m out of the money.


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PostPosted: 19 Aug 2013, 22:41 
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Joined: 19 Aug 2013, 21:35
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You can watch episodes of the block on youtube on this youtube channel:
http://www.youtube.com/oldjody117


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