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  1. #3801
    percy
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    Agreed.
    Exceptional value.

  2. #3802
    Speedy Az winner69's Avatar
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    Quote Originally Posted by Beagle View Post
    Unless you've been living under a rock in Auckland for the past decade, $850K for a 2 bedroom apartment north facing right across the road from the beach at Browns Bay is exceptional value. I would have thought $1.2 - $1.4m given the outstanding location basically right on the beach.

    Why don't you take a better photo of the view and post it on here https://www.google.com/maps/place/Th...!4d174.7494198
    Jeez $850k at 30% margin is $280k realised profit (first time around and that’s not counting the times it resells)

    That times many units is a lot of profit eh

    Cool
    Last edited by winner69; 06-06-2019 at 08:35 AM.
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  3. #3803
    Member
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    Wow! Looked at Browns Bay, lovely place... er... sea-level?

  4. #3804
    Handsome Member
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    Quote Originally Posted by winner69 View Post
    Jeez $850k at 30% margin is $280k realised profit

    That times many units is a lot of profit eh

    Cool
    And you would hope that some time in the future 30% = 850k Only time will tell...
    Got to love the model at as it stands

  5. #3805
    Legend minimoke's Avatar
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    Quote Originally Posted by Jerry View Post
    Wow! Looked at Browns Bay, lovely place... er... sea-level?
    Its a worry. Sea level rise has been: 1.60 (±0.08) mm/year from 1899 to 2015

  6. #3806
    Speedy Az winner69's Avatar
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    Quote Originally Posted by minimoke View Post
    Its a worry. Sea level rise has been: 1.60 (±0.08) mm/year from 1899 to 2015
    They say 10 metre waves to hit Auckland today (climate change to blame they say)

    Or was that the other side of Auckland under threat
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  7. #3807
    percy
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    Quote Originally Posted by minimoke View Post
    Its a worry. Sea level rise has been: 1.60 (±0.08) mm/year from 1899 to 2015
    No worry for me,as I very much doubt I will be still alive in another 116 years time,maybe lucky to get just another 16 years.!
    Perhaps you should get a 2nd floor unit.

  8. #3808
    ShareTrader Legend bull....'s Avatar
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    The dune system along Papamoa has an average height above mean sea level of about 8m, so when a 14m wave hits the dunes, only the top 6m of the wave flows onto the land. Once a tsunami hits land it loses about 1m of height for every 300m it travels.

    dont know how accurate this info is from tga council but the japan tsunami travelled 6 miles inland
    Last edited by bull....; 06-06-2019 at 08:54 AM.
    one step ahead of the herd

  9. #3809
    Speedy Az winner69's Avatar
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    Full moons make high tides higher ...and if the wind blows stronger it surges even higher .....those across the road from the beach should not venture out
    “ At the top of every bubble, everyone is convinced it's not yet a bubble.”

  10. #3810
    ShareTrader Legend bull....'s Avatar
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    Quote Originally Posted by winner69 View Post
    Full moons make high tides higher ...and if the wind blows stronger it surges even higher .....those across the road from the beach should not venture out
    dont sleep with ear plugs in either you wont hear the siren
    one step ahead of the herd

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