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Belu, is this happening at a large number of auctions or is there not much going to market? What I am getting at is: Does this look to you like a downturn in prices across an appreciable number of properties? Or is it just a quiet market with not much stock and not much interest in buying...

Has anyone been attending auctions in the Inner East lately? I've noticed that the quoted price ranges seem to be coming down a bit but I'm wondering how this correlates with sales. I'm assuming that agents are quoting a bit lower to keep interest up in their properties, but intuitively I...

Oh well. get over it.

REIV data for Richmond show an increase in median price for houses from $510k in June 06 qtr to $683k in Jun 07 qtr. That's a 33.9%pa increase in median price. Does that mean that I can now refinance to this value without the bank questioning it? Or will the bank do their own valuation...