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Not sure what's happening elsewhere, but the Adelaide market is going nuts in this price bracket and a few others. While it may seem like giving money away for no good reason, I can understand why someone wanting a PPOR might want to invest the extra $5k if it gave them some sense of surety...

Never chase a woman, a property deal or a bus. There's always another one around the corner. If you're really "worried" call the agent and find out what's going on. In the price range you are looking at, the market is very hot at the moment, depending on the area you're looking at. I've been...