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