How much is too much for a house?

[i-need-a-martini]

I was chatting to a friend from Adelaide tonight who is selling her house in a beachside suburb (Semaphor Beach?). Shes about a block away from the waters edge so I thought she'd get a few mill. (I'm from Sydney lol!).

But she reckons she'll be happy to hit the $500,000 mark.

I can't imagine a house so close to the city and so close to the water selling for that price but then again, being from Sydney, I am a little skewed when it comes to real estate.

So what do you think is a fair price to pay for a house 10km from the CBD? 

(Perhaps mention where you are from when you answer - it might put your response into perspective)

[cherry*135]

Does sound a bargain for over looking the beach..maybe houses are slow to sell here at the moment, nobody has got the big $$ so sellers aren't getting as much as they would like.  Easts Beach is beautiful.

[i-need-a-martini]

Yep - we camp at Easts every Christmas. 😄

Now we can watch her swanning around in her house while we swelter in the caravan. :^O

[*mrgrizz*]

god told me I could get 3.6m for my house in balga........so i'm holding out

[crystal**flake]

It all about the area, I live in a good area and I'm looking at my home to a mill.

[i-need-a-martini]

How far from the CBD and in what states are you in Crystal and Grizz?

[**meep**]

So what do you think is a fair price to pay for a house 10km from the CBD?

Taking into consideration what ours cost being approx 20k from Sydney CBD,  it would have to be around 1mln.  A friend of mine bought a house in Burwood for 900k about 6yrs ago...

[*mrgrizz*]

180 km

[karliandjacko]

Semaphor Beach is quite nice. An old area near Port Adelaide with interesting buildings.

[i-need-a-martini]

I have visited her a few times karli. That's why I was so surprised the house was worth so little (relatively).

[the_bob_delusion]

180 km

You're probably on plenty of acres. Imagine if you have that land in around the city.

Most areas cost at least half a mil just for the land alone.