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Here's a couple of inner suburbs for contrast.
The statistics don't seem to back your claim of 25% pa for 2 years.
jingo
I was interested in a property at 7 bourke st Brunswick it was auctioned yeserday as well, advertised at 330k from memory. Do you know what that one went for ?
I am a little put off by the high price the Edward st property bought.
I cant even get agents to stay on the phone for 5 minutes to talk, they are abviously having a fine time at the moment.
Its a bit scary the very big gap between advertised and sale price. I dont mind the 10k to 30k gap but 150k its a bit hard to take
cheers yadreamin
No that's not correct. If the result was put in too late then it wouldn't appear in the Sunday paper but would in Mondays. That happens a lot.Hi Yadreamin,
Just looked up the paper for 7 Bouke - Undisclosed. I hate that! It may be in tomorrow's paper though. I asked an agent once why this happens, and he said it was because they were too late in passing the results through to the paper.
I don't think you can really give much credence to current graphs. As property becomes more expensive , home owners with equity use that to renovate their homes so a property that was worth say 300k pre reno might now be worth on todays market 480k. The data shows that when that property sold it sold for 480k but in fact it's only increased in value due to more money being invested in it. this scenario is very common now as renovating is more popular than ever, tax free capital gains etc!
No that's not correct. If the result was put in too late then it wouldn't appear in the Sunday paper but would in Mondays. That happens a lot.
"Undisclosed" means that the vendor (not the buyer) has requested that the price not be revealed in the papers.
Luckily for me I had purchased a terrace in North Melbourne about a month ago for $447,000. Seems like there may be some equity there!! Yeah!!