if i know an apartment sold for about 500 2 years ago how much would it be worth today?

if i know an apartment sold for about $500000, 2 years ago, how much would it be worth today, 2 years later in a good suburb of victoria

 

Could be $499k today, or $763,291

 

Valuers use comparable sales so look for recent sales firstly in the same complex and if none available will need to be close by in the same suburb or surrounds.

I can send you a property report if you pm the address.

 

That's an exhaustive list right?

 

555,555

 

Do you speak Thai DT?

5 = ha
hahahahaha

 

555555

 

How long is a piece of string

You could always Look at comps in that particular complex

 

That's funny.

If the property in question was in WA, then $300,000 may be closer to remark too.

 

Guaranteed to be worth more than $1 so we have a baseline to work from. Now look at comparable sales and lets get a more accurate ball park...

 

To get a very rough idea you can use the suburbs growth indexation, i.e 10% per year for two years is $605k. But it would be foolish to rely on this. It's too unwieldy to extrapolate and you should stick to comparing with similar nearby sales no more than 3 or 6 months old

 

Tell us all the address so we can all have a guess

 

post the ad here and I am sure we can help you out more. I would say plus or minus 10% generally if it is more of a recent build (last 10 years)

 

Depends the location. Only a few suburbs have had growth on units. If it's in a prestige suburb where there has not had that many apartments like Camberwell, Surrey or even Toorak, probably $600K today? But if it's in say Richmond, Box Hill, South Yarra, Footscray, Preston, where there are lots of stocks, probably zero growth if not gone reversed...

Although uniqueness is important too, sometimes if an apartment is unique and rare, the demand would easily outpaced.

 

i say 888,888

 

depends on your favourite colour and what you had for dinner last night

 

what would 5ha5ha5ha5ha5ha mean?

5 hectares?

or a laughing fit?

 

https://www.realestate.com.au/property/unit-236-188-whitehorse-rd-balwyn-vic-3103?rsf=syn:oth

a real example for you and making a loss after 4 years

 

Thanks Yman