Auctioneer Richard Earle told the crowd he would replace the popular neighbours with a great new family, and things looked promising when he secured an opening bid of $1,550,000. The bidder stood well back from proceedings and looked on as a vendor bid was then pencilled in at $1,575,000. Another $5000 raise from the original bidder was given the nod. A crowd search for some competition proved fruitless, and the property was passed in on the bid of $1,580,000 prompting a stroll inside for post auction negotiations. Bought after.
Saturday 17 March 2012, 1:00pm
Richard Earle, Jellis Craig
Sue Wooldridge, Jellis Craig
First we said no. Then we said yes 72 hours later. Saved $400,000 after auction.
. . . ended up snapping the property up for much less than we anticipated. Buying an investment property was even more difficult than buying our family home because thinking about potential future value and understanding the factors that influence rental income weren’t first nature to us. Fortunately, the team at James had the expertise as well as the time, dedication and effort that we lacked. Looking at a number of prope...