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This property was passed in at auction on Saturday. Opening bid $650k, no bids. There were people negotiating after the auction. It is now available for private sale, $710k. I think the reserve was about $680k. Maybe they wanted too much. I think it's more of a balanced market now. Will...

An apartment in Southbank bought 5 years ago? Sure, I'd say you would have had some growth there. Depends on what you paid for it to start with of course.

I think we are both right. Perhaps it's time to lock in those high valuations every 6 months just in case there is a dip. Gee I should really get around to that reno...! I'd hate to do a $50k value add and have that correspond with a $50k value dip...

Bloody crazy?

That is insane!!

Far out... that Ellwood result makes my new place look like a bargain! The 'after thought' is strange... must feel like living in a garage. They could have at least painted it the same colour!

Far out! It's a nice apartment but jeez! I'd be interested in knowing what it sells for, would be good as a comparison for my next valuation.

Wow... nice place but that does seem at least $50k over what I would have thought as well.