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I recognize that it is quite rough and disappointing when a place you thought was within your range turns out to be well above it. We had this happen twice at auctions where the quotes were for low 500s and had places selling for mid 600s. A few questions just to help clarify: At the...

Buzz I think your right that it looks to have been underquoted. Then again the high 800s, maybe low 900s is probably what I would have thought was reasonable so the quote was ok, its just it went way high at auction. The issue with "under-quoting" is more of a problem for private sale. That...

One from the weekend. South Melbourne. Two bedroom not that big, I suppose its a townhouse. Quoting 860-920. Sold for $1.25M. http://www.realestate.com.au/property-house-vic-south+melbourne-106362784?tm=1269832673&c=89151861&m=1&t=res Or a 1 bdr townhouse for $580K...