when you look at some past sales history, eg re, or rd or pf
sometimes you see some obviously suspicious sales history,
for example, a house thats advertised and the market is say $700k, and the sales history says $anything from $100k to $400k
they arent typos, and assuming theyre not subdivided off blocks,
what are they??
I assume it was a family member transferring it to another at a stupid price, however wouldnt that attract the attention of the revenue office as you are avoiding/miniminsg stamp duty or CGT??
what am I missing here??
eg
http://www.realestate.com.au/property-house-vic-frankston+south-118930847
asking price $700k,
sold for $270k
sometimes you see some obviously suspicious sales history,
for example, a house thats advertised and the market is say $700k, and the sales history says $anything from $100k to $400k
they arent typos, and assuming theyre not subdivided off blocks,
what are they??
I assume it was a family member transferring it to another at a stupid price, however wouldnt that attract the attention of the revenue office as you are avoiding/miniminsg stamp duty or CGT??
what am I missing here??
eg
http://www.realestate.com.au/property-house-vic-frankston+south-118930847
asking price $700k,
sold for $270k