Brisbane Market Collapsing!!!!!

cu@thetop · 21st Feb, 2014

Nah- not really. Just a bit of drama in the thread title to get your attention.

Went to Ray White South Brisbane auction last night and here are the results:

397 Oxley Rd Sherwood: sold 358k

1208/172 Grey St South Brisbane : bidding but passed in vendors bid 660k

372 Cliveden Ave Corinda- no bids- passed in on vendor bid 500k

Francesco · 21st Feb, 2014

Your point?

devank · 21st Feb, 2014

Francesco said:
Your point?

It is a Friday

willair · 21st Feb, 2014

cu@thetop said:
Nah- not really. Just a bit of drama in the thread title to get your attention.

Went to Ray White South Brisbane auction last night and here are the results:

397 Oxley Rd Sherwood: sold 358k

1208/172 Grey St South Brisbane : bidding but passed in vendors bid 660k

372 Cliveden Ave Corinda- no bids- passed in on vendor bid 500k

The property at Corinda maybe was in the flood zone,from what you see that comes in your Business from sales contracts do you think Brisbane will take of again or everything slowed six months ago?..

datto · 21st Feb, 2014

Son of a gun...I almost hit the sell button

see_change · 21st Feb, 2014

cu@thetop said:
Nah- not really. Just a bit of drama in the thread title to get your attention.

Went to Ray White South Brisbane auction last night and here are the results:

397 Oxley Rd Sherwood: sold 358k

1208/172 Grey St South Brisbane : bidding but passed in vendors bid 660k

372 Cliveden Ave Corinda- no bids- passed in on vendor bid 500k

So , any thought on what you thought they were worth ?

spludgey · 21st Feb, 2014

datto said:
Son of a gun...I almost hit the sell button

I almost hit the buy button!

cu@thetop · 21st Feb, 2014

Francesco said:
Your point?

I always share auction results when I go to them. You never know if the info is useful to another forumite.

willair said:
The property at Corinda maybe was in the flood zone,from what you see that comes in your Business from sales contracts do you think Brisbane will take of again or everything slowed six months ago?..

conveyancing has picked up a bit although it is not my bread and butter. I may be getting a conveyancer on this year when I expand/change premises but they will need to bring in their own work. I don't hobnob with enough agents.

see_change said:
So , any thought on what you thought they were worth ?

I thought the 1st one- the reason I went to the auction although I wasn't bidding- was worth high 300ks or low 400ks. House was a piece of junk but could be knocked down. 607m2 level block with services running to the front. I thought it went a bit under what it was worth but there was some spirited bidding.

willair · 21st Feb, 2014

cu@thetop said:
conveyancing has picked up a bit although it is not my bread and butter. I may be getting a conveyancer on this year when I expand/change premises but they will need to bring in their own work. I don't hobnob with enough agents.
.

That may be why there are so many for lease-rent signs in the inner southside areas..