Buy in eastlakes?

[thislin]

We are looking for a property for home. I found a property in Eastlakes which is 335K. The quality and size of this unit are good. But I am not sure that if it is worth buying such expensive property in Eastlakes

 

[Propertunity]

We are looking for a property for home. I found a property in Eastlakes which is 335K. The quality and size of this unit are good. But I am not sure that if it is worth buying such expensive property in Eastlakes

Well thislin,

The median price for a unit in Eastlakes is around $264 - $273K depending who you believe......so at $335K this unit is not the 'average' quality.

Would I pay $60-70K over the median price for a property in any suburb? Probably not for me, BUT if this is to be your PPOR then there are emotional factors invloved that can't be measured with numbers.

Cheers,

 

[swebay]

maybe the median is $264-273 but there is not one unit under $330k in Eastlakes on realestate.com.au because I was looking there myself today and Hillsdale....

I wouldn't pay that much to live 100m under a flight path..

 

[Propertunity]

...there is not one unit under $330k in Eastlakes on realestate.com.au because I was looking there myself today and Hillsdale....

What about these 2?

http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=57548775&s=nsw&tm=1233642739

http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=57548775&s=nsw&tm=1233642739

But you are right in a sense. Just because the median price is a certain value does not mean that there are properties for sale around that price - that is an issue of stock being available now, not what has already sold.