Sample 6 a little different.
JK buys 2 acre section Rotorua 1999 $158k, spends $240 building, $60 landscaping etc.total $458.
Current CV (Sept 2005) $800K. Mortgage free.
Most recent sale in area 3 houses away CV $ 1.25 sold Dec 2005 $1.9
Neighbors house currently for sale CV $800k tenders starting $1,4.
I guess our property would probably be worth similar.
One of you guys will be better at the maths than me but I think we should be quite pleased?
Cheers
JK