Quote Originally Posted by minimoke View Post
Heard on the radio an ad from Stonewood homes. House and land package for $355,000. Average price of sections when Pegasus first went on the market in 2006 was around $220k. I think buyers were anticipating something a bit flasher than $355,000 property sales. See also ab ad for 460 sqm land. Bought for $166k now asking $148k. Its tough out there.
Amazing.. Went for a cruise out there on Sunday too, but can't ad much more than you've put about the place above. I think the prices are starting to look somewhat attractive to retirees though now (i.e those that don't need to leave the place a lot and can do their shopping at northwood supa centre), but they will certainly never fill out the place and I wonder what infrastructure they will end up with.

For sale signs everywhere, saw a couple at around the $140k mark too. $350k is pretty awesome for house and land, but could never justify a 45min drive each way to town every day, bugger that