This house is in the sister development to ours on the other side of the hill. It borders the reserve just like ours. The house is a bit bigger than ours and so should sell for a higher price. But it sold for an 88% premium on its original 2007 price. Recent prices in our development have been for 25-35% premia on the original 2008 prices. I am valuing our house at a 31% premium to the 2008 price or 19% more than what we paid in 2014. I've been surprised at the sluggishness of prices in our development compared to the city as a whole. Maybe I should use prices from this neighbouring development too when estimating the value of our house?
If I do use data from this development as well, the current value of our house increases by about AUD 80k or 10%.
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