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Just thought I would update this thread. I had this property re-valued at 640k (conservative on bank valuation) in April '10, so it ended up being 165k or 35% growth in just over 16 months. :) (no renovations etc. of note done in this time) Anyway in Melbourne - forget inner and...

That's what I thought, seemed cheap-ish for a new-ish ferrari.

I really shouldn't have mentioned that little anecdote as I've now derailed my own thread. Great, but I'm not sure what the relevance of this is to anything?? I'm not trying to sell anything here, it is what is based on most recent comparable sales. In a nutshell: - property was purchased...

Hi there, What's happening in the outer suburbs of Melbourne? Are people seeing value in some of the outer suburbs now? Or have they already risen a lot in the last 6-12 months (like the inner/middle ring suburbs)? I think it's getting a bit late to get good value property in many...