this is shocking news for property in melb

most will not like this at all.......
caught up with a friend, they bought their suburban Melb prop about 5 years ago for under 300k's.....they started nesting, now about to sell to upgrade to a bigger place, they are expecting to get over 600 k's for it....
they did minimal reno's in that time.....
they used to be renters with the inner city crowd, with no chance of buying at the inner city prices.....they took my advice and went outside....
never in their wildest dreams would they have ever saved or made that amount of money.....
they have big dreams for the next house......and they intend to stay in the outer leafy suburbs.......
they are very happy former FHB's....now they are called upgraders...