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This one was in Bendigo. IMO it was not worth $270K+ and I believe the vendor's expectation's were too high, we looked at it 5-6 weeks ago and it is still on the market(not that that means a lot) and I believe it had already been on the market for a bit. 5% I'd probably not be so picky about but...

Being enticed by the lowish end of the range only to be informed the vendor will not consider any offers below $270K to me is false advertising and under-quoting which I am not interested in taking any further from there. Plenty of other properties I am looking at than to waste my time with ones...

It's not just auctions either. We were interested in a private sale property which had an advertised range of $235K - $275K. My wife was asking lots of questions of the agent and found out 2 offers had already been rejected and after a bit more probing discovered the vendor would not consider...