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Perth is expensive. The average house price is about AUD $600,000 (a bit more than half a million US right now). 12 km south of the CBD you can buy a house like this:
^ Yeah, that is a heckuva lot of house! And isn't it located in a town where the whole municipality is <7,000 people?
Something doesn't add up. Must cost a fortune in upkeep and maintenance. A protected mansion from 1918 that has been a foster home lately? And 3.5 km2 of land comes with it? Looks like someone wants to get rid of property they can't afford. Sends up a pretty lot of red flags to me.
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
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Actually I did buy a repo-ed residential house once that had long been used as a foster care facility, and considering the size of the lot and the square footage, it was a steal. But unlike all the spotless wood floors and 'appointments' of that Finnish property, this one had years of "deferred maintenance" to catch up on! Does Finland have anything comparable to "REO's", 'repossessions' and "tax sales"?
Perth is expensive. The average house price is about AUD $600,000 (a bit more than half a million US right now). 12 km south of the CBD you can buy a house like this:
Actually I did buy a repo-ed residential house once that had long been used as a foster care facility, and considering the size of the lot and the square footage, it was a steal. But unlike all the spotless wood floors and 'appointments' of that Finnish property, this one had years of "deferred maintenance" to catch up on! Does Finland have anything comparable to "REO's", 'repossessions' and 'tax sales"?
Sort of, but they go by different channels and the justice department, not the bank. And you aren't allowed to accept any price anymore, but have to pay close to the average price level in the area. I don't think that's the case here.
But the ad says the average condition is "acceptable", so you can bet that all kinds of nasty surprises are there waiting for you. And the fact that the estate is protected, means that you can't do anything to the house or surroundings without permission, and dealing with with the Board of Antiques is a pain in the ass.
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,852 posts, read 10,451,396 times
Reputation: 6670
Ah yes, the Board of Antiques, that might explain some things. We have our own version of that, the National Historic Preservation Act of 1966, which can make even just obtaining the permits for basic repairs on some properties, um, "interesting"!
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