Jeez they don't make buying a house very easy nowadays.
Everything worth anything is going up for auction and the listings give you nothing in terms of what to expect.
Around my neck of the woods, the zoning restrictions have recently changed which makes it even more interesting.
Nothing ever goes for unders anymore. You see a nice, near new 4 bedroom house go for $800k one weekend and an old bomb 4 bedroom place just down the road will go for $2mill the next weekend. Of course, because all of these properties are in the same suburb, you only need a couple of $2mill sales and the median price for the whole suburb goes up.
Then those who have a normal house to sell start looking at the median price and getting greedy. Sadly, at this stage there is no shortage of people willing and able to fork out for basically anything that hits the market so its kind of hard to see where its all going to end.
It's pretty tough at the moment. I would hate to be a first home buyer...