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Reply: 1.1.1.1.1 From: Michael Croft OK, it turns out that the banker was from St George (hence the old Advance Bank folder) and he is one of a team of mobile lenders. This was not a 'one off' nor is it an every day event, they do it from time to time to keep tabs on the market (and their...

Reply: 1.1.1.1 From: Michael Croft No, I stood beside the man and he did not bid. He checked his clients file (I read over his shoulder) and quickly did figures re serviceability when the ground to a halt at $500k. He was working out of an old 'Advance Bank' folder and I have seen him at...

Reply: 1.1 From: Michael Croft Unbelievable but true! The people with the personal banker were the under bidders and also acquaintances of mine; I did the pre purchase inspections for them on the property. I'll find out 'which bank' and get back to you. Michael Croft "The best parachute...

From: Michael Croft Just got back from an 11 am auction in Ainslie Canberra. 1000 m2 block in average location, nice house with good reno and additions. Sold for $506k with 3 bidders to $502k. In short the market here is still moving as this was a $470-480k buy 3 months ago (pre sept 11)...