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IMO it was priced correctly. If I had priced it a bit higher I would have had to lower it to meet the market. The bigger yard is only useful to some people and I can't wait 6 months to find someone who's willing to pay a bit extra for it. Unit 12 which is on the same side sold for $318K...

Currently market rent is $370/week maybe you could get a little more

What it does tell you is that there are different markets and IMO those markets which are investor driven eg parts of SA QLD, WA, are likely to correct further but markets where FHB's are looking to buy and where there is severe rental shortage will keep moving. Many buyers stopped looking...

It could be underpriced or it could be popular because of unique features. This property has a big yard compared to others in the complex and also had approval for the rear fence removal so the yard could have been made even bigger.

hobo mate Market sentiment has changed and this is what you see in your chart. You'll also see lower medians nationwide as buyers snap up the cheapest properties available. This doesn't mean that prices have fallen or that the more expensive properties aren't selling. On Saturday I listed...