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both were sold at auctions, greed doesnt come into it. the market placed the price on these houses. which is why i am debating what has happened in 3 months, even through we have not seen an increase in interest rates or any significant event to cause this.

reasonable basis.!!! 1. similar land and property types (weatherboard) 2. the cheaper property is greater in land size, 3. right next to each other, its not like they are down the street. 4. we are talking location here, the actual house is worthless to be honest in an area like that where...

hmm yes, a correction of 13% in 3 months is hard to fathom. but what happened to those bidders that pushed the price to that much, where did they all go. i am just trying to find the best time to buy, and i am thinking if there are more examples of this, it could be a good time to buy again...

okay, who paid too much and who got a great deal? this house was bought for $1.503M in March 2010 at an auction, http://www.realestate.com.au/property-house-nsw-malabar-106360619 the house right next door sold for $1.305M on the weekend July 2010 at an auction...