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All assumptions, but the vendors may have looked to the agent for an expected sale price and worked back to set their reserve from there, or the agent 'advised' them of the actual reserve figure itself. Either way its in the best interests of the agent to get that reserve as low as possible, get...

Am fairly local to the Egina St one. To me thats a pretty good buy if its measured as land value, but if the house is structurally sound then its a hell of a buy!! I notice yet another out of area agent involved. :rolleyes:

Possible relocation/liquidation sale on tiles coming up this year? :p