Saw a property close by that had a for sale sign with under offer sticker on it, had not even seen it advertised. Check out on the net and find it was listed for $595k (3 x 1 70's home).
Bit more research and found another in the same street that sold 1 year ago, was listed for $565k
Another in the same street that sold in early 2009 for $490k, pre GFC similar properties where selling for over $500k
Conclusion, property is at an all time high having dropped 5-10% after GFC it is now over 10% above pre GFC & over 20% above post GFC drop
