Originally Posted by OzTennis (Post 10679513)

No, I think it's more a reflection on the economic times. My family have personal experience of trying to sell in the 'executive price bracket' and they aren't shifting and don't draw the level of interest they did in more buoyant times. You can get a few thousand 'hits' a week on the internet for your property and then get a handful of parties turning up for each of many OFI's and they try and tell you the property is worth well under what you are asking which is well under what it would have been if you were selling a few years ago.

Originally Posted by sr71 (Post 10550493)

The nicest suburbs I would consider would be out of the following

Albert Park
Middle Park
Toorak
South Yarra
Armadale

There are a few of the top private schools around these areas too.

Brighton is too far out

Originally Posted by stuartsummers1980 (Post 10679702)

Hmmm, not sure 20 minutes on the train to Flinders constitutes "too far out" & FYI the tram from Flinders to Middle Park is only 5 minutes shorter than the train from Flinders to Middle Brighton

Originally Posted by RedDragon2008 (Post 10679581)

I think you are identifying the reality of why Williamstown is not in the same league as Blue Chip Armadale/Toorak/Malvern/Brighton

I grant you there has been a correction in the market over the past 18 months, but this does not take away the number of discerning buyers still needing accomodation.

Originally Posted by spouse of scouse (Post 10679529)

It doesn't matter if it's a shack or a mansion, a property is only worth what someone is prepared to pay for it.