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That's a good one. I find sometimes that things which seem overpriced go up more over time than things which seem like a bargain. The question is, why is it a bargain?

I'm not sure. I think these things are very circumstantial and would depend on the asset in question. For example, there was a house in a middle ring suburb that just sold for $2.6m this weekend. The reserve was $1.6m. There may have been some chance you could have offered the vendor $1.8m...

Some can probably double in 2 years. Others may take 15.