Strong capital returns are not only apparent within new developments as Bennelong and the Cove have also been analysed for their resale prowess. Bennelong was completed in 1999 and the Cove was fi nished in 2003. Bennelong has recorded a total 164 apartment resales, with some apartments changing hands up to three times. Five apartments transacted at a loss and one apartment was resold at the same price. Eight sales have resulted in a capital gain in excess of 100%. One sale achieved an outstanding 198% capital gain achieved between April 1999 and February 2008. A further 40 owners attained a capital gain between 50% and.
