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35,472 Posts.

2863

19/07/15

17:08

Post #: 15658017
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Originally posted by acorn ↑

You beat me to it GD . While there is no doubt that some people are paying big money for some properties , it's nothing new really .

Anyone familiar with Albert Park and that particular address will know how coveted it is and how tight the supply is there . Once again , the old demand vs supply situation . Further to that , we don't know the circumstances of the buyer . They could well own the house next door for example .

As for endless examples , The poster has shown us three properties who all had very unique features which made them quite rare . Did I mention demand vs supply ?

" More than 1100 properties in Melbourne went to auction on Saturday, with CoreLogic RP Data recording a preliminary clearance rate of 78 per cent across Melbourne. "

One example was from March , one from May , one from June . In that period there could have been 12000 auctions .

3 from 12000 ? Hmmm.

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Island was just scratching around to cover the usual claims. It was quite funny and sad.
but says it all really - comprehensive research my ass

just like he knows Japans property market cos he lived there (Engrish teacher?)....I'd know more about Japanese property than he'd have in small left toe.
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