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Auction success rates Met one of the major auctioneers and he told that in last couple of weeks only 40 houses hv been sold and almost 50 passed in. Signs of change in Adelaide ? Cheers

Adelaide Auctions Went to 2 auctions today and both the houses were sold at the reserve price. Only 10-15 people turned up for each auction. One auction had 3 bidders and another one had only 1 bidder.:) The second auction was funny..the reserve price 260K, there was only one bidder who started...

Not accepted Nope :cool: The agent wanted 5K more than i was wanting to pay for it. She did leave a message last week and tole that an offer has been accepted but one of the conditions has not been met yet. Anyways, looking for another deal. got a few in clearview/enfield/northgate/windsor...

I hv sent you a PM. An agent told me that there were around 150 applications for 30 beach apartments :) Cheers

Hi Steve, I did chek with the council and here is the message from them verbatim - 'The basic requirement in the Residential Zone with a connection to the Mains Sewer is 300 sqm per allotment with a minimum frontage of 8m for each newly created allotment.' I guess 18 mtrs should be good...

Nope. I did not put a sunset clause. cheers

Christies Beach house OFI A quick update : the house i was looking at in CB was opened for inspection on Sunday and was advertised for a lower price bracket. Two weeks back it was advertised for 280-300K and now for 275-290K :). The RE agent has not accepted my offer yet. Though I have given...

RP Data press release According to RP Data National Research Director Tim Lawless, across Australia houses have appreciated by 11.90 per cent on average over the twelve months to December 2007, while units appreciated by an average of 16.87 per cent over the same period. The average Australian...

New Areas Met a senior person in Defence. There is an acquisition of 450 allotments by LMC in the areas of Evanston, Andrews farm and Gawler. Probably new areas to dig gold. cheers

The house is in a good condition. Obviously needs a bit of tidying up. No structural problems that i could see.

The house i was looking at in Christies beach was auctioned today and passed in at 280K. Now the agent is looking for offers :). The median price in Christies Beach lately has been 340K. Is it a reflection of increased interest rates ?

RE returning calls !! Recently am looking for my 2nd IP and found an interesting change in the REs. they hv started returning calls and today one of the agents did wait for 10 mins after the inspection to show us the house. This was not the case 8 months back when i bought my1st IP. Seems...

Good information Steve. cheers

Prices in Windsor Gardens In Windsor Gardens, a timber frame house on a block of 720 sq mtr., was advertised for 240K+ and was sold for 301K yesterday. The house is not in a good condition and the site is only good for development. A bit surprising to see someone paying 301K only for a block...