Just wondering if anyone has bought or looked into buying through the public trustee - brisbane at auction?
Just wondering how picky they are on reserves?
Seems as if the market isnt hot in parts of Brisbane (especially on properties that are unconditional sale and requiring work)
Did go recently see an auction (mortgagee) where there were only 2 parties interested and the property got passed in 30k below reserve (according to what the agent said on the day. Property was advertised later for 50k above the price (probably only sold for 20-30k over what it got passed in but im sure there would have been hassle and it would have been a conditional sale at that price)
Just wondering how picky they are on reserves?
Seems as if the market isnt hot in parts of Brisbane (especially on properties that are unconditional sale and requiring work)
Did go recently see an auction (mortgagee) where there were only 2 parties interested and the property got passed in 30k below reserve (according to what the agent said on the day. Property was advertised later for 50k above the price (probably only sold for 20-30k over what it got passed in but im sure there would have been hassle and it would have been a conditional sale at that price)