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I know nothing about building or development, so bear with me. The sales price is at a range of 10%. Can it just as easily go 10% the other way? When similar places sold for $1.8 - $1.95m in the last quarter, how much of that was on the basis that the Perth market would keep firing? Is it...

Maybe it's just me, but anytime anyone tells me they can get 20% in a year without value adding like renos or redevelopment or something, I get nervous. Especially in a market that is starting to cool down. I'm not saying it won't happen, but aiming for the averages, as I do, I wonder. Alex