Hot as in, prices rising.
Load of crock!
11/40 PARKSIDE CRES $275,000 26/08/2009 $250,00020/06/2006
5/11 WARBY ST $142,000 15/08/2009 $135,000 08/07/2004
1/40 CORDEAUX ST $188,000 14/08/2009 $200,000 01/07/2004
1/2 MEREIL ST $281,500 17/07/2009 $285,000 23/11/2004
6/7 STURT ST $239,950 10/07/2009 $217,500 05/03/2006
4/49 STURT ST $190,000 24/06/2009 $165,000 26/04/2006
9/11 WARBY ST $160,000 25/05/2009 $147,000 04/09/2002
6/30 BROUGHTON ST $220,000 05/05/2009 $215,000 23/07/2003
7/2 MEREIL ST $285,000 27/04/2009 $223,500 22/03/2002
5/6 REDDALL ST $165,000 22/04/2009 $152,000 19/10/2007
5/2 MEREIL ST $268,000 03/04/2009 $214,000 13/03/2002
7/11 WARBY ST$160,000 01/04/2009 $140,000 27/09/2002
PARKHOLME CCT $330,000 16/10/2009
$360,000 23/10/2002
KANANGRA CRES $335,000 30/09/2009
$324,000 01/12/2003
WAMINDA AVE $295,500 30/09/2009
$280,000 07/06/2006
WAMINDA AVE $219,000 17/09/2009
$289,950 10/08/2004
GILMORE AVE $308,000 16/09/2009
$279,000 10/06/2003
As you can see, no boom here. but rents do seem to be rising (as are interest rates)
I'm surprised to hear from you BV, prices haven't gone & aint going anywhere from what I see.
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edit
Here's a nice practical real example for all the local wannabe boomer valuers like Nathan:
29 OTHELLO AVE is for sale, how much is it worth and what is market price?
39 OTHELLO AVE $300,000 05/09/2003
27 OTHELLO AVE $300,000 04/08/2009
47 OTHELLO AVE $277,000 14/05/2009
17 OTHELLO AVE $260,000 16/04/2009
25 OTHELLO AVE $255,000 22/01/2007 25 OTHELLO AVE $273,000 25/08/2003
41 OTHELLO AVE $280,000 08/03/2005
31 OTHELLO AVE $295,000 08/10/2003
39 OTHELLO AVE $300,000 05/09/2003
Does this look like a boom?