Homebush

[brisbanebud]

This one was sold in April/May 2013 for 1.035 Million; buyer took around 18 months to get a DA and sold for 2.430Million, cool 1 Mill profit in 18 months.

http://www.realestate.com.au/property-residential+land-nsw-homebush-201048191

 

[belvoir]

This one was sold in April/May 2013 for 1.035 Million; buyer took around 18 months to get a DA and sold for 2.430Million, cool 1 Mill profit in 18 months.

http://www.realestate.com.au/property-residential+land-nsw-homebush-201048191

Shows what scum the agent is, looking at Rp Data they were advertising it as "Guide over $1,750,000". Obviously not a big deal in this case because its a developers site and is therefore a commercial transaction. However, what if it was a resi purchase and people go spend money on legals/building pest inspection, they would have never had a chance.

It would have been nice to know what the reserve was.

IMO the asking price should be the price the agent puts on the agency agreement which is the quoted price they tell the client to win the listing.