Molonski,
My point about the block of land was not that 190k for a block in cranbourne was too expensive my point was the nuffy on the show was from sydney and had no idea where or what cranbourne's like yet he regarded that piece of land as good value.
I live in Berwick, and know cranbourne well.. its where you go when you cant afford to buy in Berwick.
They dont call cranbourne " DUBBO IN THE PADDOCKS " because its a beautiful place to live. The Hunt club and the avenues.. give me a break mate. These production line housing estates of small blocks and small cheaply built houses are for the first home buyers and low-income earners of course their highly desirable because its the cheapest entry into housing in Melbourne.
Just because a block of land in cranbourne sells for a 190 grand doen't mean its worth it.. if i pay $100 for BHP shares at the moment am i getting fair value.. No.
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