I bought in July. Was quoted at $350,000+. I knew as I'd been looking in the area for 18 months, that the property would sell between $420K and $435K. So I made them an offer before the auction for $410K. That put the property on the market and everyone else who received the s32 was given 72hrs to put in their highest offer. I was given the right of reply, and got the property for near enough to the bottom end of that range. It's a 3br unit on a main road.

However, three months prior, I could have bought a 3br house, in the same suburb, on an entire block, for $425K at auction.

So yes, the prices are going crazy... an almost identical 3br unit on the same road sold for $450K at auction yesterday... so I've pretty much made $30K before I even blink...

Scary to think that...