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Offline carl888

  • Soap Dropper
  • Get her groggy, do her doggy

  • Joined: Feb 2008

  • Drives: OHOS
  • Location: Melbourne
  • Name: Carl Jones
As a vendor, in inner Melbourne at least, the EOI is the best way to screw over the purchaser and maximise your gain.  A cash incentive to the agent plus an aggressive commission structure that's stratified (i.e. increases as the price goes higher) does the trick, mostly.  The reason is that the buyer has no idea where they stand, they could be the only party showing interest, but they'd never know.  For inner city property here there's a chronic short supply, it's a sellers market.

An Auction puts all the cards on the table and save for a few isolated ones I've seen recently where there were dummy bids, it's the fairest way to buy.  Of course you can get into a swinging dick scenario where two or more usually ego driven desperados get carried away but mainly an Auction will tell you exactly what it's worth.



Offline TomE


  • Joined: Aug 2010

  • Location: ADL
Most of the auctions I've been to in Adelaide in the last couple months have gone cold  at $800k -$900k. Then a few weeks latter they sell for $1.1 to $1.2 m via private negotiation. Its almost as if the auctions just the start of the selling process.
"There's too many self-Indulgent wieners in this city with too much bloody money! Now, if I was driving a 1967 275 GTB four-cam... "



Offline carl888

  • Soap Dropper
  • Get her groggy, do her doggy

  • Joined: Feb 2008

  • Drives: OHOS
  • Location: Melbourne
  • Name: Carl Jones



Offline TomE


  • Joined: Aug 2010

  • Location: ADL
Darwin Apartment -254m2, 3 bed, 2 Bath, 2 cars spots, 17 floor with views $788k. (Price dropped $211k)

http://www.realestate.com.au/property-apartment-nt-darwin+city-125337958

Looks like Adelaide apartment market has overtaken Darwin which used to be compared to Sydney.

"There's too many self-Indulgent wieners in this city with too much bloody money! Now, if I was driving a 1967 275 GTB four-cam... "



Offline Fil-Ski


  • Joined: Feb 2009

  • Drives: 993TT
  • Location: Adelaide
Staying at Palm Cove at the moment.
Apparently this originally sold for $2.2m 10 years ago. That's a huge haircut at current prices.
https://www.realestate.com.au/property-apartment-qld-palm+cove-117004203



Offline E7ITE


  • Joined: Jun 2008

  • Location: Perth, WA



Offline OzCarSightings

  • Will eat your baby
  • Photographer

  • Joined: May 2006

  • Drives: GenF HSV/Golf R32/motorbike
  • Location: Perth
  • www: JanGlovac.com
Staying at Palm Cove at the moment.
Apparently this originally sold for $2.2m 10 years ago. That's a huge haircut at current prices.
https://www.realestate.com.au/property-apartment-qld-palm+cove-117004203

I was in Palm Cove last week, nice place!



Offline OzCarSightings

  • Will eat your baby
  • Photographer

  • Joined: May 2006

  • Drives: GenF HSV/Golf R32/motorbike
  • Location: Perth
  • www: JanGlovac.com



Offline E7ITE


  • Joined: Jun 2008

  • Location: Perth, WA
$25-30m according to the video. Impressive!

it's certainly unique in terms of quality, size and location in Perth.  But geez... you could get literal castles in Europe for that, or real statement properties in Hollywood for the same price.



Offline JBO


  • Joined: Sep 2011

  • Drives: Something that doesn't meet my aspirations...yet...
  • Location: Adelaide
This anonymous clan of slack-jawed troglodytes has cost me the election, and yet if I were to have them killed, I would be the one to go to jail. That's democracy for you. - C Montgomery Burns.



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