And they are renting for around $500-550pw
Hot price for Armadale apartment (Melbourne)
- Thread starter rprodrive
- Start date
I think it's more to do with cost of apartments in that suburb relative to the cost of houses in the same suburb, rather than another suburb.
Interestingly the median price growth over the last 12mths was 19% for apartments and 17% for houses.
Also, interestingly a couple of months ago the annual median house price growth in Armadale was listed as something like 90-100% in the papers! (from memory, with the usual caveats about median prices)
Interestingly the median price growth over the last 12mths was 19% for apartments and 17% for houses.
Also, interestingly a couple of months ago the annual median house price growth in Armadale was listed as something like 90-100% in the papers! (from memory, with the usual caveats about median prices)
Another example for a probably outrageous price paid for a unit, this time in Carnegie (Glen Huntly)
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=44602588&s=vic&tm=1262734861
Unit 7 / 2 Elizabeth Crescent - sold on 19 Dec 09 for $572K via auction.
The renovation is not flash, though the allotment of land is larger due to it being an end unit.
I purchased Unit 4 (a tired looking place needing a freshen up) for $375K in May 09.
Regards
Daniel Lee
http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=44602588&s=vic&tm=1262734861
Unit 7 / 2 Elizabeth Crescent - sold on 19 Dec 09 for $572K via auction.
The renovation is not flash, though the allotment of land is larger due to it being an end unit.
I purchased Unit 4 (a tired looking place needing a freshen up) for $375K in May 09.
Regards
Daniel Lee
That's a good price you paid for $375K. there are quite a few in the market in carnegie. Do you know what the rental is like for a 2 bedder pw?
Didnt they overpay??? I could find two at circa 475K...
http://www.realestate.com.au/cgi-bi...r=&cc=&c=26619684&s=vic&snf=ras&tm=1262840632
http://www.realestate.com.au/cgi-bi...r=&cc=&c=26619684&s=vic&snf=ras&tm=1262840632
Hi, jcwc888
Unit 6 is fully done up and renting for $410 per week. This information was back in June 2009.
Regards
Daniel Lee
Hi traveller,
Whoever bought Unit 7 definitely overpaid. Think of it as a nice X'mas gift to the vendor and to everyone else in the block.
Looking forward to taking out a supp loan to renovate our Unit 4.
Regards
Daniel Lee
