Look at link below and price tag:
http://house.ksou.cn/p.php?q=Glen+Waverley&sta=vic&id=500776
Not sure if the price is incorrect but $2.675mil to be precise for that block? Looking at the ad, the house is old - can possibly reno it but probably not worth your while. Overall, this is about $3.1K per m2 for that house/land.
I rent around here, whilst it's relatively a good place to live in, I don't think the prices are reflective of the value around here. The Mainland Chinese prop up the market - it's very visible on my weeknight jogs I can see scores of Audis/BMWs in McMansion garages but really $2.6mil for a block of land with a house worth at best $50K (I'm even being overly generous here), I cannot imagine the streets that sit nearby it and closer to the GW CBD/Station and what the h*ll they are worth??!??!?
Given places like Ashburton are on average $1.1-$1.2mil for a similar size block, I cannot imagine how much GW is overpriced by. Bare in mind, Ashburton is 12km from the CBD vs Glenny's 19km/20km and the former is accessible to the CBD by 2 lines (Alamein and Glen Waverley).
Can anyone explain to me the logic for the GW prices????
http://house.ksou.cn/p.php?q=Glen+Waverley&sta=vic&id=500776
Not sure if the price is incorrect but $2.675mil to be precise for that block? Looking at the ad, the house is old - can possibly reno it but probably not worth your while. Overall, this is about $3.1K per m2 for that house/land.
I rent around here, whilst it's relatively a good place to live in, I don't think the prices are reflective of the value around here. The Mainland Chinese prop up the market - it's very visible on my weeknight jogs I can see scores of Audis/BMWs in McMansion garages but really $2.6mil for a block of land with a house worth at best $50K (I'm even being overly generous here), I cannot imagine the streets that sit nearby it and closer to the GW CBD/Station and what the h*ll they are worth??!??!?
Given places like Ashburton are on average $1.1-$1.2mil for a similar size block, I cannot imagine how much GW is overpriced by. Bare in mind, Ashburton is 12km from the CBD vs Glenny's 19km/20km and the former is accessible to the CBD by 2 lines (Alamein and Glen Waverley).
Can anyone explain to me the logic for the GW prices????