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That final sale price is even higher than I thought. I struggle to imagine even a pretty flash 3bdr townhouse selling for $950K in blackburn, maybe possibly into the 800s. In terms of how long you'd have to hold. These sort of places were selling for high 500s about 18 months ago.

I'm interested in any insights people can offer on a couple of properties that sold in Blackburn on the weekend. http://realestateview.com.au/propertydata/vic/blackburn/index.html In particular the Elm ($881K, 700sqm), Ernest ($786K, 640 sqm) and Francis St ($875K, 640 sqm). From my...