Hi Property Chatters, I want to canvass general opinion on this. Saw a property listed for sale on Friday evening. Price guide for auction is 1.75m which in Sydney usually means they want at least $1.85-$2m. See link: 209 Darling Street Balmain NSW 2041 - House for Sale #123489214 - realestate.com.au First step in due diligence, I googled the address and found it was purchased 10 months ago for $1.5m. See link: Sold Price for 209 Darling Street Balmain NSW 2041 From the photos and floorplan, the only thing I could see that the vendors had changed in those 10 months was to repaint walls and ceiling and change the light fittings. I could not understand how they could be seeking $400k for a 10 month hold and the cost of a coat of paint so I rang the agent on Saturday and yes- its confirmed. The agent states they have made cosmetic renovations only, which included painting and "some work to the garden" Opinions????