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You know BV, you'd think that you'd be correct with that assumption about vendors being more negotiable, but that's certainly NOT my observation at the moment. Seems what's happening is that vendors are holding out for the big $$$ and just changing agents in the hope of achieving that...

OK "2nd tier" blue chip suburbs are more like what everyone is quoting you. Graceville; Chelmer; Brookfield; Anstead; Ashgrove.......and the list goes on.................. $550k, in these suburbs? Not likely unless it's a renovator.

Newmarket ????? Ya dreamin! Nice suburb, but not "blue chip", sorry. Blue Chip: Ascot; Hamilton; St Lucia