Which is your favourite suburb in Brisbane..?(of an IP)

[Azazel]

Hi Wylie, I'd prefer not to mention the suburb names till after my next purchase those two auctions may have been too unique for comparable sales too..

Nothing wrong with keeping it under your hat until you're sorted, hehe.

 

[Bran]

The second one was more interesting. It had exceptional city views in an area full of reasonably renod post war houses. It wasn't a knock down but the price it went for I assume they would rebuild. Paid $750k with 13 registered bidders. If they spend $500-600 on a rebuild - I'm not sure it's worth $1.3m if all the houses in the street and nearby streets are renod post war houses under a $1m? Very big risk..[/QUOTE]



I thought the same thing. I was willing to put 650 on it and consider it a bargain, and would have been happy to wear the holding costs after a cosmetic reno - the house wasn't quite as bad as I had initially thought (which was disappointing in a way).

I was also concerned that the city views might have been blocked once the downhill neighbour decided to do their house as well, but I guess this consideration could have been built into the design of a new house.