Swerv-o

Doesn't look like it. Looks like it's more expensive now too - $660 for 6 weeks advertising, $770 for 12 weeks.

Still good value if you can manage to sell it off of your own back.


S

Swerv-o

And most normal people wouldn't confuse 'sought' with 'sort' either, which so many real estate agents manage to do...


S

Beoz

Well considering the Sydney average is $900,000 odd, an agent is going to charge you the best part of $30,000. It could be a winner.

OzTennis

I see regularly (both in Oz and UK):

Accomodation

Only meters from .... (electric? gas?)

NJJ

They took that option away when the site was revamped some time ago.

I look at Real Estate - Find Property, Homes, Houses | realestateVIEW.com.au instead now which has the option to 'exclude auction listings'

jad n rich

I was amazed they are STILL getting away with it!

Was there not some proposal to make estimates have to be in the 10% range? I know there was more rambling on about that up in QLD about 6 months ago. Not sure if it was passed but not so much goes to auction up there anyway and if it does it is usually no estimate at all.

jad n rich

The stamp duty in Victoria makes it a very expensive process indeed .

Notice the concessions for first home buyers are being wound back too.

Cut throat competiotion for anything in decent areas, too many people not enough houses.

OzSheila

House across the road from us went on market in a lead up to auction with an ESR of $1.15-$1.25m. This was revised up to $1.25-$1.35m two weeks before auction. It sold at auction last Saturday for $1.875m.

We have put ours on the market. Lets hope the final sale price is similarly off the mark of the ESR

Beoz

Not a bad idea. I know of a number of friends and colleagues selling up in Sydney and are just going to rent. Certainly makes financial sense.

paulry

It was like that with an auction to sell off land for a new suburb (Lawson) alongside the University of Canberra a year or two ago. The bidding got to such ridiculous proportions that it seems unlikely any builder will make much of a profit building on any of them. And it looks likely the buildings, when they do eventually go up will be so tightly packed together that it'll be a traffic jam just to get out of the suburb each morning - just like that other tightly packed and over-priced suburb (Crace) that's almost next door to it.

paulry

Went to 2 auctions yesterday and both went ahead. The first one was for a beautiful 2 story house with nearly four times as much living space as our old home in the UK - plus it had a pool. That was an interesting one because you could see one of the bidders was willing to pay whatever it took and ended up paying probably $100k more than I think was its true value.

The second one went well and reached what I would say was a fair valuation but ended inconclusively because the high reserve price wasn't reached. That one wasted everyone's time, I reckon.

Beoz

I did a few weeks on the auction merry go round a few years back.

After a few weeks, you soon realise your weekends are precious and you learn the value of renting

paulry

Indeed, but we're not going to them for fun. We've agreed a sale on our UK house so are getting up to speed with conditions here before buying.

Beoz

Ah research

paulry

Yeah and we could have a few more months of this. Still, it allows us to broaden our suburb search a bit to include those that we'd previously excluded.

Based on what we've seen so far, I reckon the search for our perfect house is going to be a tough one.

Do any previous auction buyers have any do or don't tips?