Passed in Properties

I thought i'd just start a thread on properties that have been passed in.

I reckon this is a great way to for us forum users to get a view on the market. and see how buyers and sellers arent meeting each other.

Murrumbeena passed in at

$410 k

http://www.domain.com.au/Property/For-Sale/Apartment/VIC/Murrumbeena/?adid=2008491180

Armadale passed in at $541k

http://www.domain.com.au/Property/For-Sale/Apartment/VIC/Armadale/?adid=2008511874

anymore i'd like to see...

Also interesting how they price the properties after they got passed in!
 
I thought i'd just start a thread on properties that have been passed in. I reckon this is a great way to for us forum users to get a view on the market.

keneth, I understand what you might think that you are attempting to do, but there are too many variables in the one equation. i.e. Why did the property get passed in?
1. The vendor had unrealistic expectations
2. The REA made a mistake in advising his vendor (which may have led to 1. above)
3. The RBA just jacked up rates on the Tuesday prior (5 weeks into the auction campaign), which normally spooks the market for about 1 week
4. The weather was bad that day
5. The buyer/s did not have their finance arranged in time
6. There may be over-supply of the type of product in that particular area
7. Buyers were intimdated by some event at the auction (recently some hoohaa was made by individuals regarding a possible native title claim)
8. .......the list goes on
and then add to that, the fact that REAs often do not report the real stats.

So what you are actually trying to measure may be impossible with the data available to do so accurately.
 
Back
Top