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The property went from 425k to 1.2mill in 8 years. My mistake sorry I thought we were talking about the trend for prices to be over $1mill and how people were managing the loans against them. I used this property as an example on how the value increases but the LVR reduces and hence...

Really aussierogue? I have clients who have not had that much growth. The original reno within 6 months revalued the property at $700k so that was nice. Not sure if every property in Melb could of done that (excluding hire fire danger and bad public transport areas). If 95% of properties in Melb...

I bought a house in Carlton in 2001 for $425k, did a $50 reno then and a $42k reno last month, it just valued at $1.2mill. Good quality properties (fit for demographic, and low maintenance), in good locations (high portion of renters, good public transport, close to uni), with cost effective...