I have a personal case study. I ask bulls and bears so called to pass comment. And maybe fill in the blanks re possible values prior to 1987.
I do not know the purchase price in 1975 but here goes.
My family bought a 4 bedroom house, double garage with dining room. Brick vaneer, built in mid sixties approx. Suburb Sandringham in Melbourne. About 20kms south. 2 suburbs further away than Brighton. The house was on a corner of a busy rd. It is 1.5km from the beach and station. Buses, schools, shops and hospital all within a 15 min walk.
In 1987 it was valued at $240,000. I remember as my folks were looking to sell. They didnt. It was very well maintained. It sold in 1996 fpr $230,000.
In 1998 it sold for $$480,000.
In approx 2000 it sold for $570,000.
Approx 3 years ago it sold for $970,000.
Since my family sold it has had virtually nothing done to it. To this day it still has the same paint job my dad did in the late 80's.
