australian house prices down 10% from peak, page-6

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.

Its tired now.

What do you think it would sell for now?