澳洲Australia property Anyone at these 2 auctions Blackburn Nth?


在澳大利亚 I need some advice regarding a property purchase. Property - semi-detached house Bedrooms - 2 Condition - average needs internal reno to modernise Street - one of the best in suburb Location - excellent Close to schools - yes Transport - 50m The pool at of an IP needs to be resurfaced (or so the pool doctor says), the cost was estimated to be $10K ($10,000), after recoverying from my impresssion of a cat coughing up a fur ball, it just seems far too much. Its just a standard poo


Anyone went to these 2 auctions today inn Blackburn North, VIC? What's going on?

1) http://www.realestate.com.au/property-house-vic-blackburn+north-106905389

Quoting $650-$700K - sold for $800K!



2) http://www.realestate.com.au/property-house-vic-blackburn+north-106896780

Quoting $690-$750K - passed in and sold later $785!  

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How about this one - advertised for $650- $700 but sold for $640 at auction.

http://www.domain.com.au/Property/For-Sale/House/VIC/Blackburn-North/?adid=2008615678  

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rosehill said: ↑
How about this one - advertised for $650- $700 but sold for $640 at auction.

http://www.domain.com.au/Property/For-Sale/House/VIC/Blackburn-North/?adid=2008615678Click to expand...
Wow! I did view that house. It was in a bad shape inside! But can't believe it went for below quote range!  

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Drewy under quoting is an industry tactic to drum up interest. Get more people to the auction get some heated bidding etc  

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Ridin-High said: ↑
Drewy under quoting is an industry tactic to drum up interest. Get more people to the auction get some heated bidding etcClick to expand...
But I don't understand why someone would pay $800 for a house in worse condition and lesser land and the house nearby with larger land and all done up sold for less? Really strange ...................... although the southey one is in a better location (not opp primary school and no bus route infront of door)  

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