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Deltaberry said "My relative bought 2 houses there for $500-600k 4-5 years ago. They're worth $350-450k today" 2 houses, not townhouses. Sure plenty of townhouses around in the $175,000 - $250,000 range now and 5 years ago. Different type of property. Unless Deltaberry meant townhouses, but...

Deltaberry, your relatives must have bought in undesirable or unpopular areas as 5 years ago, that's $250,000 - $300,000 per property and worth today $175,000 - $225,000. Can't get too many houses in Cairns for $225,000 now, so I would challenge your "appraised opinion". No different from any...

Well priced property is selling in 1 week rather than 1 month, from a year ago. Lots more buyers at open homes. Basically, it's now less properties for sale, and double or triple the buyers competing for it. The market started to ramp up about October last year. Want to buy myself ASAP buy...

What you don't see though is that the high insurance premiums are for houses also not just strata. I looked at a $250,000 house and most insurance premiums are $3500+ , so when you compare them to a unit at $5,000, the extra $1500 is for general maintenance of the complex, so the $5,000 per year...