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VIC Glen Waverley - 1538sqm for $6mill

Discussion in 'Where to Buy' started by dan_89, 22nd Aug, 2015.

  1. dan_89

    dan_89 Well-Known Member

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    There will be some happy vendors after this auction today! Glen Waverley still climbing!

    I'm guessing this was another sale price for the record books.

    www.realestate.com.au/120299485
     
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  2. Fungus

    Fungus Well-Known Member

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    On the house it was sold back in April for $4.71 mil...

    $1.3 mil in 4 months?!
     
  3. Redwood

    Redwood Well-Known Member

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    RP data also has it for $4.71m - anyone go the auction? every block around the centre will copy this, GW will look like box hill in 5 years for sure...
    • Sale Price: $4,710,000
    • Sale Date: 22 Apr 2015
    • Settlement Date: 19 Jun 2015
    • Sale Type: Unknown
    • Sold By: Barry Plant - Monash
    • Land Use 1: Detached Dwelling
     
  4. FireDragon

    FireDragon Well-Known Member

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  5. Fungus

    Fungus Well-Known Member

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    That's one hell of a profit. Over 25% in a few months.
     
  6. Scott No Mates

    Scott No Mates Well-Known Member

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    It's a development site. It's not real estate news it's business. After reading the article it alludes to the median house prices in the area. Sales like this shouldn't be included in the median as punters will think this is typical and is a misleading use of sales stats.

    Could say the same about yesterday's auction at 562Willoughby Rd Willoughby $4m for 658m2 4x1 bed apartments. FSR of 2:1

    https://m.realestate.com.au/property-unitblock-nsw-willoughby-120330765
     
    Last edited: 23rd Aug, 2015
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  7. Be Developer

    Be Developer Property Developer Business Member

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    Reported median prices is a joke at times!!
     
  8. Bayview

    Bayview Well-Known Member

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    This is one of the less-reported aspects of property prices now.

    Sooo many properties are being sold with a premium attached due to the townhouse development potential...the traditional one house on a quarter acre block is gone.

    That';s why so many places have become unaffordable to the average person now..

    Even down my way, where it is not necessary to have higher density living; almost every property sold which has townhouse zoning is being sold for obscene dollars....the house on the land is basically an impediment to the next buyer.
     
  9. dan_89

    dan_89 Well-Known Member

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  10. JamesP

    JamesP Well-Known Member

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    It does have the asian food precinct remember.

    Better hope they don't change their Lemon Chicken recipe or the whole area might go bust.
     
  11. sanj

    sanj Well-Known Member

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    Asian people dont eat lemon chicken, its is the epitome of asian food for westerners
     
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  12. Scott No Mates

    Scott No Mates Well-Known Member

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    The next things you'll tell me is that you can't get Singapore noodles in Singapore or spaghetti bolognese in italy or garlic bread in Venice.
     
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  13. larrylarry

    larrylarry Well-Known Member

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    I tried ordering Chicken Laksa in Singapore but they don't sell that. They don't have such thing as Singapore noodles in Singapore. Hmm... honey and lemon chicken... yumz.
     
  14. Azazel

    Azazel Well-Known Member

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    Hmm, some councillor trying to copy that dodgy guy from Auburn?
     
  15. Azazel

    Azazel Well-Known Member

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    Old style Aussie Chinese is the best, craptacular!
     
  16. sanj

    sanj Well-Known Member

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    Hahaha dont forget creamy carbonara with chicken and mushroom etc.

    Damn you whitefellas for desecrating all of the world's food
     
  17. Scott No Mates

    Scott No Mates Well-Known Member

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    sanj likes this.
  18. wannabhero

    wannabhero New Member

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    Just stay clear of Raramen
     
  19. JDP1

    JDP1 Well-Known Member

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    Lol