What an explosive result, sold for 4.5 Million

Just attended an auction in Box Hill_3128 and the following house sold for
staggering 4.5 Million, the bidding start from 2.2M and raised sharply until
3.9M and finally setteled on 4.5 Millions. Auction last for 30 minutes.
Is this the highest Auction sold price in the area ?
What would be the commission (10% ?) for the estate agent ?

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1 BRUCE STREET BOX HILL
This huge allotment of 1491SQM (approx) on the corner of Archibald St & Bruce St in the centre of Box Hill is a prime multi-level residential development site (subject to council approval). Metres from trams, trains, shopping, Box Hill TAFE and Hospital
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http://www.realestate.com.au/cgi-bi...t=&header=&cc=&c=84183288&s=vic&tm=1251507245


KK
____________________________
Trust your hopes, not your fears.
 
my god.... that surely a record here in box hill area.....
is it a chinese buyer??? 4.5 million...... the vendor sure can retired now with that kind of money LOL
 
Just attended an auction in Box Hill_3128 and the following house sold for staggering 4.5 Million, the bidding start from 2.2M and raised sharply until 3.9M and finally setteled on 4.5 Millions. Auction last for 30 minutes.
The high end that was falling is now stabilized and on its way back up insome parts.

What would be the commission (10% ?) for the estate agent ?
More like 2.2 - 3.3% incl GST which they collect for the Feds.

Did you bid K4K4M?
 
Did you bid K4K4M?

Not that lucky to bid for million dollar yet, I thought commisson would be at least 5%..

There were 3 serious buyers and yes they were all chinese. I was expecting max 3 Mill but 4.5 Mill was unbelievable.
Land can be used for an apartment development (student accommodation)

KK
____________________________
Trust your hopes, not your fears.
 
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