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Mike>> ".....allows their desire to secure the property to cause them to overbid. This can be frustrating because you have put a lot of time into researching the comparables. How soon will you get fed up with losing properties because you won't go over the real value of the property? Has...

G'day Mike, This intrigues me:- Mike: However, I notice that you both didn't consider it necessary to work out its comparable value. Mike, considering it necessary didn't enter into it. It was not possible for a couple of reasons:- 1. We knew that "the other side of...

G'day Peter, I would think this kind of thing is PART of the equation - as already mentioned, it takes no notice of :- surrounding suburbs (have they leapt recently, and is this one next to go?), infrastructure changes (SOMETHING values lower #'s as worth more - closer to the...

Lotana, As far as I'm concerned, you ACED it!!! $20 out? I was happy to get as close as I did, but you hit the bullseye in my opinion. Congratulations!! Now, a lucky guess would not have counted, but your workings showed a very realistic approach. Well done, GURU ...

Mike, I love puzzles - I say $151,829