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In this market, a bird in the hand is worth 2 in the bush.... so yeah, very glad ;) In a slower market, I'd be more than happy to try my luck.

Not sure what you mean by a "huge block"? That sounds like the price numbers quoted for average blocks (at the present). The blocks look big because the houses are indeed tiny. :o Mine was quoted at $290+. Didn't believe it At open inspection REA said interest was above $320+ and...

Very much so. The blocks are usually just under or just over 600sqm. There are a few larger ones and a few odd 400sqm ones. The original housing stock was built in the late 50's / early 60's - typically 2bdrm very modest department of housing structures. The ones which are unrenovated /...

I bought in Heidelberg West 1 month ago. I think I paid about 5% over what I would regard as "market". On the other hand I think I bid perhaps 1-2% above my competition. So what is market? .... I dunno .... The valuation from the bank was approved on sale price + inspection. Based on...

I was in the same position as you a few months ago (... in Melbourne but was facing the same issues). After being outbid numerous times despite putting up reasonable offers, I sat down and asked myself the following questions: 1) Am I confident in long term growth in property in my chosen...