How do you know?
My Reservoir property I purchased a year and a half ago has gone up 30%. Un-bloody believable. Tell us your feel good story over the last year or two!
I bought a property in Reservoir 2 yrs ago for 275k.
Worth about 355k today based on a recent sale.
So about 30% CG over a 2 year period.
Is that a house or a unit?....if it is house then it is probably worth more than 355K.......looks like you have done well. So even more than the 30% growth.
I bought one further out in Melton South....for 155K (3 bd house).....I fell off my chair when the agent said I will get at least 220K...it was also bought two years ago!
My only regret is not buying more in Melbourne!
That's why you so often hear people say "you make your money when you buy".