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You're probably right, and as a result they're missing out. But all JIT's places are palaces compared to: http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2006686441 ($125k) http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2006859581 ($130k)...

GSJ, this is an interesting concept which is probably worth elaborating on. Supposing there's two inner suburban properties (let's say an art-deco unit or maisonette) that could be purchased for $500k. Both are in 'good' areas with all the advantages people value. The first is...

AND I forgot to mention that a character 1920 4br 1ba detached house on the same busy road with not even a carport sold with good competition for about $760k. The difference can't even be attributed to land content; the block was only about 350m2, not much different from the townhouse...

Went to an auction in Carnegie yesterday. The property was a large 4 bedroom/3 toilet/2 gge townhouse on a busy road. Agent's vendor bid $600k. Not a peep from the large crowd. Passed in. Same happened to a smaller townhouse around the corner a few months back. The local...