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Condition could overwhelm the other comparisons. If the completed sales were renovated but this home needs visible work, buyers may discount for both cost and inconvenience. Conversely, a well-presented home should not be priced from tired examples without an adjustment.

There is not much time left to decide whether to pursue this Sydney apartment. The purchase price is manageable, but the latest master-insurance and reserve contributions have taken the monthly strata cost close to the point where continuing to rent may be the better option. I am reluctant to...