House over the back fence of a relative sold for AUD $500,000 three years ago.
Sold for a million this month.
Yes prob $100K was spent on renovations in the 3 years.

Oh yeah, might have the details wrong but fed gov is helping 1st home buyers to purchase with just (?) 5% deposit.
Thereby creating more potential buyers.
Thereby increasing prices.

It's a good time for the rich..

#Australia #HousingCrisis #AusPol #CheapHomes