Found out one of the townhouses there sold for 1.5m.... even it's got an advertised price tag of $1.1m. Seriously, someone is going to lose a lot of money in the coming years....?
What size was the land? How old was the building? If fairly new and about 400m2 I wouldn't say it's that expensive.
Also varies whether Stonnington or Boroondara side, certainly unusual for a suburb to share two different councils
I wouldn't say they will lose a very big amount, but they will feel the pinch when the cycle turns - unless they have brics money.
So is this thread about the price the unit sold for, or the fact there was a potentially serious under-quote? The Y-man
Don't think it's underquote. Next door was sold last year at 1.1m. I think some people just gone depressed and wanted it so badly. It's a four bedders, two storeys, with all bedrooms downstair, and kitchen and living upstair. It's just right next to Gardiner station. Land size is less than 200sqm. Definitely not worth 1.5m. You could buy a house in Glen with that price or 100k more.
If that is an upside down house plan, there must be a view of some sort? 1.5mil for 200m2 that's 7,500 per square meter, it does sound nuts. An average house these days is probably around 1.5 to 2 mil for a 700m2 block in Glen Waverley...I've never really seen anything above 2,000 for a m2 in Glenny. Is it a new or near newish building?
About 4 years old i believe.... Its very nicely built, very modern and lots of natural lights, but still.... it's a townhouse.....lol No view, besides overlooking the highway and ashburton area. You actually can hear the traffic sound so badly if you open the sliding door in living.
why do you think it's not? suburbs like aberfeldie townhouses can sell close to 1.7 - 2 million, and some in balywn 2 bedroom 70-80s single level villa can sell 1 mil. Glen iris has always been a premium suburb.
my opinion only - stonnington. toorak, armadale, kooyong, malvern, south yarra, malvern east, prahran, windsor, glen iris - all highly affluent and desirable suburbs. local council not afraid to spend money on infrastructure nor resume expensive homes to make way for public parks.
1B Charlotte Street, Glen Waverley, Vic 3150 - Property Details $1.511m for 383sqm and 2/2 Adams Avenue, Glen Waverley, Vic 3150 - Property Details $1.43m approx 310 sqm The Y-man
These are more towards semi attached house, or unit. The one I am talking about is the standard town house: 15/56 Osborne Avenue, Glen Iris, Vic 3146 - Property Details Now tell me you really think that worth 1.5?? Next door similar size and layout was 1.1 only last year.
1.5 million for 700sqm? I'll buy it again many parts to glen Waverley Check 1/32 bogong avenue that was 1.42 mil for 375sqm old low level villa
11 The Ridge, Glen Waverley, Vic 3150 - Property Details 6 Tawonga Court, Glen Waverley, Vic 3150 - Property Details Outside GWSC zone I think The Y-man
My friend bought a 700sqm nice house there for $1.2m in 2015 haha. He said his neighbour just sold $2.6m
IMHO, No. Added to this, it seems like one of those shared driveways with access to at least 15 units? AND it's buttressing the train line.....
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