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I think you're misunderstanding me. I said some people (that build) are often overcapitalising and together with the land, spending 700-800k or more on their house. This is for the outer west. The comment you're quoting was regarding these people who then try to sell their house several years...

Yep, there have been cases where big, double storey houses that are 5-10 years old have sold for a bit more than land value

I think they're very similar for the suburbs on the outskirts. My parents (and lots of relatives) live in the outer west of Melbourne and there are people who have spent close to a million on houses there - never mind anywhere closer to the city. A lot of the buyers seem to be over eager for...

Is anyone else wondering how a young aged care worker is going to pay for an almost one million dollar house which is what it'll cost when finished? And why anyone in their right mind would even pay ~500k for a piece of land so far out? I know people who have bought in similar areas in...