Reply To: Question from down under…. What is realistic?

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The best answer I can offer you is do a search of all the online estate agents in the area you want. Find said penthouse then reduce the asking price by at least 40-50%. That will be the figure you can start from. Estimate and plan for actually buying for a ball park figure of around 60% of asking price and you will be not far out.
Even better find a re-pro and buy it from the bank.