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If it's not a boom, then what is it? I purchased in Doonside 2010 $315K, bank value last week at $440,000 (40% gain), it has not been renovated, same condition when purchased, however I believe with a minor reno I could achieve much higher price. MTR

Always like Melb, looks like I will be purchasing a development site late this year/early next year, hopefully we can catch up. :)

Yes, this is true. I was ready to buy up in Syd again last July, but I had to make a choice as Perth was also running hot, this is my own backyard so I jumped into this market and it has paid off. Perhaps it will be Melbs turn to start rising, I hope so, this is where I plan to develop...

You bet:p We may start to see some panic buying now and therefore it will continue to rise.

Hi Prop So would also be interested on your thoughts on Central Coast is this moving yet?? With West moving and hot competition it is sometimes good to locate an area which is starting to rise. Your thoughts?? MTR

For once, I will agree with an economist

There is only one way it can go and that is up, demand vs supply. I think all the stars are lined up for Skater, I think all here properties are in West Syd;)

I am with you on this and good effort on your part, but I am an out of State investor unfortunately can not greet and meet.

Thanks everyone for feedback. Looks like it comes down to finding my own data on sales and presenting these to the valuer or just sit back and wait. I am not in a huge rush so hoping in 3 months a different story with value coming in at what I would expect. I will post here to let you guys...

I just got my valuation back for my Doonside property, very disappointed, came in at $330,000 and it has a granny flat. The comparables were from December 2012. My RE agent who is also a friend believes it would be snapped up at $400,000 cos the rental income is $620 pw and he said without the...

HI Prop Why is the market so hot? What about inner city stuff/inner West, just curious. Cheers, MTR

Thanks everyone, that is very good news.

HI All Can I have an update, is the market still hot/moving, lack of stock under $400,000, I am looking at revaluing a property would be keen on info. Cheers, MTR