Special report on Channel Nine News tomorrow ;)

How many people have turned up at an auction hoping to score a house at the advertised price range only to find that the auction ended up way above the maximum quoted range ? And we are told that underquoting is illegal in Victoria. Yeh right how did that turn out :(

A simple solution is to make the reserve price fall within the advertised range.

Suckers!!!

How is it that the Media promoted Biden and Albanese as something which they have obviously failed to deliver at being?
Why is Leftism in Politics such a limp dick?

Chop out foreign investors, add a premium for 'investors' who will get it back anyway, and cut negative gearing on a losing non-taxpaying venture that everyone knows in advance will not pay tax but will somehow provide mega living for the 'investor'..... make house buying a right for a home OWNER ...

How does the Senate vote?

bugger THE PARASITES!

https://i.imgur.com/fpdTQfq.mp4

Price guides are a guide only and ultimately the main point of an auction is to drive the price UP. But I agree, many deliberately under quote so that hundreds turn up to an auction so they can pretend to be great agents with a wide network. It's to make them look good rather then get a higher price.

They should be made to publish the five most recent comparable sales in the neighborhood and let the public decide for themselves what they can expect it to sell for.

Speaking of dirty tricks, I wonder if governments ever got around to banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions?

Making fake bids to drive the price up and if the dummy bidder was the final bid the auction was "miraculously" passed in because they were all in on the scam - banks, finance companies and the auctioneers, etc.

And then another auction at a later date would be scheduled. Rinse and repeat if needed.

Used to be quite rampant. I worked for a firm of solicitors in Perth City from the mid 70's to early 80's (no, I wasn't a solicitor or anywhere close to being one and never became one) and an employee I knew quite well at one of the finance companies we did work for used to brag about it a lot and once told me "everyone does it".

I'm guessing that if the practice has been banned then I'm sure the participants have found ways to get around it. Nothing surprises me anymore when it comes to human greed.

Carl,

Quote:

Speaking of dirty tricks, I wonder if governments ever got around to banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions?

Very difficult to stop them -
the real estate agents are crooks.

Also - they sell dumps that are unfit for human habitation.
The lower end of the market are mostly houses that are only bulldozer material -
yet they sell them as habitable places.

Bobby. wrote on Aug 11^th, 2025 at 10:11am:

Carl, Quote: Speaking of dirty tricks, I wonder if governments ever got around to banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions? Very difficult to stop them - the real estate agents are crooks. Also - they sell dumps that are unfit for human habitation. The lower end of the market are mostly houses that are only bulldozer material - yet they sell them as habitable places.

Unfortunately, it's a sellers market and people are desperate, so will pay anything now even if the agents are breaking the rules :(

Bobby. wrote on Aug 11^th, 2025 at 10:11am:

Carl, Quote: Speaking of dirty tricks, I wonder if governments ever got around to banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions? Very difficult to stop them - the real estate agents are crooks. Also - they sell dumps that are unfit for human habitation. The lower end of the market are mostly houses that are only bulldozer material - yet they sell them as habitable places.

Not so, real estate agents only represent the seller they do not own the property. Buyers have a responsibility to have the property inspected and checked before buying. If someone buys a dump they already knew it was a dump before they bought it.

Nobody buys a house without making sure it is habitable and if they do then that is not the agents error, the buyer knew that before they purchased the property.

Auctions have always been dodgy.

They're very rare here in WA - maybe 1 or 2% of all sales.

We use the 'offer & acceptance' method.

Carl D wrote on Aug 11^th, 2025 at 9:53am:

Speaking of dirty tricks, I wonder if governments ever got around to banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions? Making fake bids to drive the price up and if the dummy bidder was the final bid the auction was "miraculously" passed in because they were all in on the scam - banks, finance companies and the auctioneers, etc. And then another auction at a later date would be scheduled. Rinse and repeat if needed. Used to be quite rampant. I worked for a firm of solicitors in Perth City from the mid 70's to early 80's (no, I wasn't a solicitor or anywhere close to being one and never became one) and an employee I knew quite well at one of the finance companies we did work for used to brag about it a lot and once told me "everyone does it". I'm guessing that if the practice has been banned then I'm sure the participants have found ways to get around it. Nothing surprises me anymore when it comes to human greed.

Legally the seller can use one vendors bid, at the end of the day no one has to pay more than they want for a property, they might not get what they want but we all have to wrestle with that.

greggerypeccary wrote on Aug 11^th, 2025 at 10:30am:

Auctions have always been dodgy. They're very rare here in WA - maybe 1 or 2% of all sales. We use the 'offer & acceptance' method.

I have sold 4 properties in WA in the last few years and all by Auction, online auctions seem to be the way to go now in WA. My agent who is one of the top WA agents sells all her properties by Auction.

Leroy wrote on Aug 11^th, 2025 at 10:37am:

greggerypeccary wrote on Aug 11th, 2025 at 10:30am: Auctions have always been dodgy. They're very rare here in WA - maybe 1 or 2% of all sales. We use the 'offer & acceptance' method. I have sold 4 properties in WA in the last few years and all by Auction, online auctions seem to be the way to go now in WA. My agent who is one of the top WA agents sells all her properties by Auction.

That's only one agent.

Overall, auctions are not very popular in WA.

Auctions are less common in WA than other states with only around two per cent of properties sold under the hammer.

greggerypeccary wrote on Aug 11^th, 2025 at 10:45am:

Leroy wrote on Aug 11th, 2025 at 10:37am: greggerypeccary wrote on Aug 11th, 2025 at 10:30am: Auctions have always been dodgy. They're very rare here in WA - maybe 1 or 2% of all sales. We use the 'offer & acceptance' method. I have sold 4 properties in WA in the last few years and all by Auction, online auctions seem to be the way to go now in WA. My agent who is one of the top WA agents sells all her properties by Auction. That's only one agent. Overall, auctions are not very popular in WA. Auctions are less common in WA than other states with only around two per cent of properties sold under the hammer.

On line auctions are offer and acceptance sales, it only utilizes the auction to negotiate a price.

Leroy wrote on Aug 11^th, 2025 at 10:29am:

Bobby. wrote on Aug 11th, 2025 at 10:11am: Carl, Quote: Speaking of dirty tricks, I wonder if governments ever got around to banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions? Very difficult to stop them - the real estate agents are crooks. Also - they sell dumps that are unfit for human habitation. The lower end of the market are mostly houses that are only bulldozer material - yet they sell them as habitable places. Not so, real estate agents only represent the seller they do not own the property. Buyers have a responsibility to have the property inspected and checked before buying. If someone buys a dump they already knew it was a dump before they bought it. Nobody buys a house without making sure it is habitable and if they do then that is not the agents error, the buyer knew that before they purchased the property.

But they don't advertise places as bulldozer jobs.
You should have seen some of the houses I saw.   :o

Blocked sewers - toilet water overflows out of bowl when flushed.
Bricks able to pulled out of the side of the house with my bare hands -
mortar had turned into loose sand,
huge cracks in the brick walls due to foundations being undermined
by gutters never having been cleaned and water overflowing for 10 years.
Completely rusted out gutters in the roof.
Floors moving up and down as you walked as the stumps were all gone.
Signs of water damage.
Masking tape put over cracks in walls and then painted.
Signs of termite damage.
Asbestos used everywhere.
No electricity or gas connected so you can't test any appliances.
Even an inspector can't test them.
Really low pressure water as the pipes were nearly blocked.

All sold as a great place to move into and live.  WTF?

2 years later you find out the place had been bulldozed and a new house built
at great expense.

Bobby. wrote on Aug 11^th, 2025 at 12:54pm:

But they don't advertise places as bulldozer jobs.

thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper.

John Smith wrote on Aug 11^th, 2025 at 1:06pm:

Bobby. wrote on Aug 11th, 2025 at 12:54pm: But they don't advertise places as bulldozer jobs. thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper.

You halfwit  -
They are bulldozer jobs not repairs.  ::)

Bobby. wrote on Aug 11^th, 2025 at 1:38pm:

They are bulldozer jobs not repairs.

only to idiotic morons like you

Bobby. wrote on Aug 11^th, 2025 at 10:11am:

Carl, Quote: Speaking of dirty tricks, I wonder if governments ever got around to banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions? Very difficult to stop them - the real estate agents are crooks. Also - they sell dumps that are unfit for human habitation. The lower end of the market are mostly houses that are only bulldozer material - yet they sell them as habitable places.

https://www.youtube.com/watch?v=VGm267O04a8

Massive influxes of racist Arabs, Indians and East Asians has pushed the 'desperado' bar up into the red zone. What was $500,000 five years previously can now cash in for a $1 million sale due to a lack of quantity now making a hovel considered as 'quality' under the 'rare' opportunity gimmick.

John Smith wrote on Aug 11^th, 2025 at 1:06pm:

Bobby. wrote on Aug 11th, 2025 at 12:54pm: But they don't advertise places as bulldozer jobs. thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper.

but how good is the fix-up job ? Unless you are in the know you could be buying a lemon and later spending another 50k or more.

https://www.youtube.com/watch?v=YM4ABxkFw6k


Quote:

@cathiematthews1359 1 hour ago I agree! Paint, new tiles and flooring. Maybe some new lights. Some new curtains. But the stuff that matters is still the same, and will probably need to be replaced- plumbing, electrical, structural, water damage- could cost hundreds of thousands to fix!

Quote:

@damonroberts7372             3 hours ago           Not only that, I'm not convinced the improvements are deeper than cosmetic. For instance, take a close look at that tiled roof. I think it sags in spots. Flippers rarely want to tackle structural issues like rot or termites, they just divert your attention with a fresh coat of paint and a Kaboodle kitchen.

Quote:

@raulf100 5 hours ago its a dulux rebuild. walk. water damage on eaves comes from sagging roof/ structural damage. lipstick on a pig

Quote:

@stipitza             4 hours ago (edited)           Im an interior carpenter by trade. You are both right and wrong. Yes you should have bought the place when you could (and im in the exact same position as you right now) however this "reno" was bargain basement and will fall apart in the coming years. As another commenter said, lipstick on a pig. Whoever bought this got their foot in the door, but their headaches are just around the corner. The only people winning right now are sellers.

I have a great Ocean view, basic traffic noise pollution. Plenty of parking. No congested crowds.
...didn't have to pay millions for it either.  :P

Jasin wrote on Aug 11^th, 2025 at 3:48pm:

I have a great Ocean view, basic traffic noise pollution. Plenty of parking. No congested crowds. ...didn't have to pay millions for it either.  :P

While squatting itself isn't a specific criminal offense in all of Australia, it can be illegal due to trespass laws. If a squatter remains on a property after being asked to leave by the owner or occupier, they are considered trespassing and can face penalties. In some cases, squatters can potentially gain ownership of a property through adverse possession, but this requires continuous, open, and exclusive occupation for a specific period (usually 12 years, but 15 in Victoria).

You're such a wank yank.
Squatters in Australia are rich landowners sheep dip.
The word you need to use is "swaggie".
Nah. I have a nice two room place with carport and ocean views just 5 min drive to the beaches.
:)

Bobby. wrote on Aug 11^th, 2025 at 10:11am:

Very difficult to stop them - the real estate agents are crooks. Also - they sell dumps that are unfit for human habitation. The lower end of the market are mostly houses that are only bulldozer material - yet they sell them as habitable places.

https://x.com/purplepingers/status/1953386570137952733


Quote:

If I was paying $1350 per week I’d probably want a kitchen that wasn’t in the bathroom as a bare minimum

https://x.com/purplepingers/status/1953101626308186275


Quote:

My brother in Christ this is not an apartment this is someone’s garage.

https://x.com/purplepingers/status/1952312239912071231


Quote:

If anyone was wondering, yes it's Ray White.

https://x.com/purplepingers/status/1951150989806825819


Quote:

The photoshopped waterfront views 💀

https://x.com/purplepingers/status/1947862196220055687


Quote:

Still just wanna chat about this rental you’ve got listed for $550pw Ray White - feel free to email or call anytime

And many, many more.

In fact, he has a whole website devoted to this BS.

Australia... a land of sweeping plains. And scammers and con artists.

Check it out ;)

At this rate, my kids won't get an inheritance | SBS Insight

https://www.youtube.com/watch?v=Ynp0-5QS2MQ

Did anyone see it ?

Recommendations to make the reserve price public and mandatory property inspections and pest inspections.

Many people spending $$$$ on their own inspections only to be outbid at the auction. Doesn't make sense that a buyer should be out of pocket for something that should be made available to prospective buyers.

Sir lastnail wrote on Aug 11^th, 2025 at 6:32pm:

Did anyone see it ? Make the reserve price public and mandatory property inspections and pest inspections. Many people spending $$$$ on their own inspections only to be outbid at the auction. Doesn't make sense that a buyer should be out of pocket for something that should be made available to prospective buyers.

hear hear sir Nail,
I agree with that.

Bobby. wrote on Aug 11^th, 2025 at 12:54pm:

Leroy wrote on Aug 11th, 2025 at 10:29am: Bobby. wrote on Aug 11th, 2025 at 10:11am: Carl, Quote: Speaking of dirty tricks, I wonder if governments ever got around to banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions? Very difficult to stop them - the real estate agents are crooks. Also - they sell dumps that are unfit for human habitation. The lower end of the market are mostly houses that are only bulldozer material - yet they sell them as habitable places. Not so, real estate agents only represent the seller they do not own the property. Buyers have a responsibility to have the property inspected and checked before buying. If someone buys a dump they already knew it was a dump before they bought it. Nobody buys a house without making sure it is habitable and if they do then that is not the agents error, the buyer knew that before they purchased the property. But they don't advertise places as bulldozer jobs. You should have seen some of the houses I saw.   :o Blocked sewers - toilet water overflows out of bowl when flushed. Bricks able to pulled out of the side of the house with my bare hands - mortar had turned into loose sand, huge cracks in the brick walls due to foundations being undermined by gutters never having been cleaned and water overflowing for 10 years. Completely rusted out gutters in the roof. Floors moving up and down as you walked as the stumps were all gone. Signs of water damage. Masking tape put over cracks in walls and then painted. Signs of termite damage. Asbestos used everywhere. No electricity or gas connected so you can't test any appliances. Even an inspector can't test them. Really low pressure water as the pipes were nearly blocked. All sold as a great place to move into and live.  WTF? 2 years later you find out the place had been bulldozed and a new house built at great expense.

your problem Bobby is you don't have your own agent, I have been using the same agent for over 20 years, If I see a property I'm interested in I ring her and she will tell me if it is worth me looking. You have to build a relationship with an agent and get your monies worth. People just don't know how to use an agent to work for them and build trust. They are normal people like you and me and if you get to know one that you like you can have a excellent resource to use when buying or selling property. My agent knows what I like and don't like and she will only call me if its something I would like. I really don't care what other agents advertise because advertising is not something I consider when buying.

Leroy wrote on Aug 11^th, 2025 at 7:19pm:

your problem Bobby is you don't have your own agent, I have been using the same agent for over 20 years, If I see a property I'm interested in I ring her and she will tell me if it is worth me looking. You have to build a relationship with an agent and get your monies worth. People just don't know how to use an agent to work for them and build trust. They are normal people like you and me and if you get to know one that you like you can have a excellent resource to use when buying or selling property. My agent knows what I like and don't like and she will only call me if its something I would like. I really don't care what other agents advertise because advertising is not something I consider when buying.

That's true -
I found in a few suburbs that the best bargains were all sold
within 5 hours of going on the market.
Obviously agents had phoned up a buyer they knew.

Sir lastnail wrote on Aug 11^th, 2025 at 3:41pm:

John Smith wrote on Aug 11th, 2025 at 1:06pm: Bobby. wrote on Aug 11th, 2025 at 12:54pm: But they don't advertise places as bulldozer jobs. thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper. but how good is the fix-up job ? Unless you are in the know you could be buying a lemon and later spending another 50k or more.

so get a building inspection ::)

Leroy wrote on Aug 11^th, 2025 at 7:19pm:

Bobby. wrote on Aug 11th, 2025 at 12:54pm: Leroy wrote on Aug 11th, 2025 at 10:29am: Bobby. wrote on Aug 11th, 2025 at 10:11am: Carl, Quote: Speaking of dirty tricks, I wonder if governments ever got around to banning the practice of "dummy" bidders (working for the mortgagee) at mortgagee sale auctions? Very difficult to stop them - the real estate agents are crooks. Also - they sell dumps that are unfit for human habitation. The lower end of the market are mostly houses that are only bulldozer material - yet they sell them as habitable places. Not so, real estate agents only represent the seller they do not own the property. Buyers have a responsibility to have the property inspected and checked before buying. If someone buys a dump they already knew it was a dump before they bought it. Nobody buys a house without making sure it is habitable and if they do then that is not the agents error, the buyer knew that before they purchased the property. But they don't advertise places as bulldozer jobs. You should have seen some of the houses I saw.   :o Blocked sewers - toilet water overflows out of bowl when flushed. Bricks able to pulled out of the side of the house with my bare hands - mortar had turned into loose sand, huge cracks in the brick walls due to foundations being undermined by gutters never having been cleaned and water overflowing for 10 years. Completely rusted out gutters in the roof. Floors moving up and down as you walked as the stumps were all gone. Signs of water damage. Masking tape put over cracks in walls and then painted. Signs of termite damage. Asbestos used everywhere. No electricity or gas connected so you can't test any appliances. Even an inspector can't test them. Really low pressure water as the pipes were nearly blocked. All sold as a great place to move into and live.  WTF? 2 years later you find out the place had been bulldozed and a new house built at great expense. your problem Bobby is you don't have your own agent, I have been using the same agent for over 20 years, If I see a property I'm interested in I ring her and she will tell me if it is worth me looking. You have to build a relationship with an agent and get your monies worth. People just don't know how to use an agent to work for them and build trust. They are normal people like you and me and if you get to know one that you like you can have a excellent resource to use when buying or selling property. My agent knows what I like and don't like and she will only call me if its something I would like. I really don't care what other agents advertise because advertising is not something I consider when buying.

Well said (and done) Leeroy.  8-)

An Abo got vicious with me once a long time ago. Accusing me of stealing his land and being an invader. 🤬
I told him I don't own any land and don't own a home, before giving him a bread-basket punch, leaving no bruise of assault to cry over to the cops.🤫

Bobby. wrote on Aug 11^th, 2025 at 7:43pm:

Leroy wrote on Aug 11th, 2025 at 7:19pm: your problem Bobby is you don't have your own agent, I have been using the same agent for over 20 years, If I see a property I'm interested in I ring her and she will tell me if it is worth me looking. You have to build a relationship with an agent and get your monies worth. People just don't know how to use an agent to work for them and build trust. They are normal people like you and me and if you get to know one that you like you can have a excellent resource to use when buying or selling property. My agent knows what I like and don't like and she will only call me if its something I would like. I really don't care what other agents advertise because advertising is not something I consider when buying. That's true - I found in a few suburbs that the best bargains were all sold within 5 hours of going on the market. Obviously agents had phoned up a buyer they knew.

If you are going to spend $500k+ then get off your ass and do some research and you should be checking out every house available in your range. Yes its going to be a long tedious process but that is what is required if you want to get best value. Blaming agents is a very weak excuse for buying a dog. Interestingly its mostly investors that buy dogs because lazy people don't look after their property. The investor restores the house and makes the street better for it.

https://youtu.be/VGm267O04a8

Members get banned for using the C-word on this Forum.
Sad Kangaroo & Monk for example.

Here we have The Creep in the previous post promoting a clip with the C-word prolifically in it.

He should be banned.

Leroy wrote on Aug 11^th, 2025 at 8:07pm:

If you are going to spend $500k+ then get off your ass and do some research and you should be checking out every house available in your range. Yes its going to be a long tedious process but that is what is required if you want to get best value. Blaming agents is a very weak excuse for buying a dog. Interestingly its mostly investors that buy dogs because lazy people don't look after their property. The investor restores the house and makes the street better for it.

I'm happy where I am now.
My place has some small problems that I have mostly fixed myself
and a few more that I will fix.
I correctly predicted almost all of them when I bought the place.
My days of house hunting are over - thank goodness.

My experience is that if you're too fussy when you go searching -
you'll never buy anything except at a ridiculously high price.
The only way to get a bargain is if you buy a place with some known problems that
would put less able people off.
It really helps if you are a DIY person who frequents Bunnings.
I've repaired appliances, done grouting with silicone,
repaired doors, only yesterday I replaced broken glass, and all sorts of jobs.

greggerypeccary wrote on Aug 11^th, 2025 at 11:19pm:

https://youtu.be/VGm267O04a8

Attention: GMODS

John Smith wrote on Aug 11^th, 2025 at 7:47pm:

Sir lastnail wrote on Aug 11th, 2025 at 3:41pm: John Smith wrote on Aug 11th, 2025 at 1:06pm: Bobby. wrote on Aug 11th, 2025 at 12:54pm: But they don't advertise places as bulldozer jobs. thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper. but how good is the fix-up job ? Unless you are in the know you could be buying a lemon and later spending another 50k or more. so get a building inspection ::)

and waste money only to be outbid at the auction. Why not provide a building report to prospective buyers like a road worthy on a car ?

Because even termite/white any inspections have been falsified

Sir lastnail wrote on Aug 12^th, 2025 at 9:16am:

John Smith wrote on Aug 11th, 2025 at 7:47pm: Sir lastnail wrote on Aug 11th, 2025 at 3:41pm: John Smith wrote on Aug 11th, 2025 at 1:06pm: Bobby. wrote on Aug 11th, 2025 at 12:54pm: But they don't advertise places as bulldozer jobs. thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper. but how good is the fix-up job ? Unless you are in the know you could be buying a lemon and later spending another 50k or more. so get a building inspection ::) and waste money only to be outbid at the auction. Why not provide a building report to prospective buyers like a road worthy on a car ?

Won't work Jasin, if you are buying a car would you rely on a mechanical report from the seller.

Nope. And even some mechanics provide false pink slips.
Had one local mechanic shut down last year due to such dodgy slips.

Leroy wrote on Aug 12^th, 2025 at 9:26am:

Sir lastnail wrote on Aug 12th, 2025 at 9:16am: John Smith wrote on Aug 11th, 2025 at 7:47pm: Sir lastnail wrote on Aug 11th, 2025 at 3:41pm: John Smith wrote on Aug 11th, 2025 at 1:06pm: Bobby. wrote on Aug 11th, 2025 at 12:54pm: But they don't advertise places as bulldozer jobs. thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper. but how good is the fix-up job ? Unless you are in the know you could be buying a lemon and later spending another 50k or more. so get a building inspection ::) and waste money only to be outbid at the auction. Why not provide a building report to prospective buyers like a road worthy on a car ? Won't work Jasin, if you are buying a car would you rely on a mechanical report from the seller.

Then make them government inspectors not private enterprise ;) We pay enough stamp duty and other taxes so the consumer deserves a lot more than the government taking money from them. In some countries in Europe these reports are mandatory and a lot of the dumps being sold here would not pass muster in these other countries :(

Sir lastnail wrote on Aug 12^th, 2025 at 1:30pm:

Then make them government inspectors not private enterprise ;) We pay enough stamp duty and other taxes so the consumer deserves a lot more than the government taking money from them. In some countries in Europe these reports are mandatory and a lot of the dumps being sold here would not pass muster in these other countries :(

hear hear sir brave Nail,

the Govt gets 4% which is $40,000 on the stamp duty for the average $1 million house -
they give nothing in return for that.
If you buy a good place or a termite infested - asbestos ridden old dump -
they still get their money.
They can't even supply an inspection report for everyone to read.
It's all take and no give.

Bobby. wrote on Aug 12^th, 2025 at 1:43pm:

Sir lastnail wrote on Aug 12th, 2025 at 1:30pm: Then make them government inspectors not private enterprise ;) We pay enough stamp duty and other taxes so the consumer deserves a lot more than the government taking money from them. In some countries in Europe these reports are mandatory and a lot of the dumps being sold here would not pass muster in these other countries :( hear hear sir brave Nail, the Govt gets 4% which is $40,000 on the stamp duty for the average $1 million house - they give nothing in return for that. If you buy a good place or a termite infested - asbestos ridden old dump - they still get their money. They can't even supply an inspection report for everyone to read. It's all take and no give.

I know and some of the boneheads on this forum think it's ok to take it up the arsse on the most expensive purchase you will ever make and usually with money that is not yours :(

Sir lastnail wrote on Aug 12^th, 2025 at 1:30pm:

Leroy wrote on Aug 12th, 2025 at 9:26am: Sir lastnail wrote on Aug 12th, 2025 at 9:16am: John Smith wrote on Aug 11th, 2025 at 7:47pm: Sir lastnail wrote on Aug 11th, 2025 at 3:41pm: John Smith wrote on Aug 11th, 2025 at 1:06pm: Bobby. wrote on Aug 11th, 2025 at 12:54pm: But they don't advertise places as bulldozer jobs. thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper. but how good is the fix-up job ? Unless you are in the know you could be buying a lemon and later spending another 50k or more. so get a building inspection ::) and waste money only to be outbid at the auction. Why not provide a building report to prospective buyers like a road worthy on a car ? Won't work Jasin, if you are buying a car would you rely on a mechanical report from the seller. Then make them government inspectors not private enterprise ;) We pay enough stamp duty and other taxes so the consumer deserves a lot more than the government taking money from them. In some countries in Europe these reports are mandatory and a lot of the dumps being sold here would not pass muster in these other countries :(

Have you traveled much?.

Sir lastnail wrote on Aug 12^th, 2025 at 9:16am:

John Smith wrote on Aug 11th, 2025 at 7:47pm: Sir lastnail wrote on Aug 11th, 2025 at 3:41pm: John Smith wrote on Aug 11th, 2025 at 1:06pm: Bobby. wrote on Aug 11th, 2025 at 12:54pm: But they don't advertise places as bulldozer jobs. thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper. but how good is the fix-up job ? Unless you are in the know you could be buying a lemon and later spending another 50k or more. so get a building inspection ::) and waste money only to be outbid at the auction. Why not provide a building report to prospective buyers like a road worthy on a car ?

Not sure if you understand how it works. No one forces you to bid more then you think it's worth

Leroy wrote on Aug 12^th, 2025 at 1:57pm:

Sir lastnail wrote on Aug 12th, 2025 at 1:30pm: Leroy wrote on Aug 12th, 2025 at 9:26am: Sir lastnail wrote on Aug 12th, 2025 at 9:16am: John Smith wrote on Aug 11th, 2025 at 7:47pm: Sir lastnail wrote on Aug 11th, 2025 at 3:41pm: John Smith wrote on Aug 11th, 2025 at 1:06pm: Bobby. wrote on Aug 11th, 2025 at 12:54pm: But they don't advertise places as bulldozer jobs. thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper. but how good is the fix-up job ? Unless you are in the know you could be buying a lemon and later spending another 50k or more. so get a building inspection ::) and waste money only to be outbid at the auction. Why not provide a building report to prospective buyers like a road worthy on a car ? Won't work Jasin, if you are buying a car would you rely on a mechanical report from the seller. Then make them government inspectors not private enterprise ;) We pay enough stamp duty and other taxes so the consumer deserves a lot more than the government taking money from them. In some countries in Europe these reports are mandatory and a lot of the dumps being sold here would not pass muster in these other countries :( Have you traveled much?.

didn't have to look very far ;)


Quote:

In Australia, mandatory building and pest inspections for property sales are not universally required, but there are some notable exceptions. The ACT (Australian Capital Territory) is the only Australian jurisdiction where building and pest inspections are mandatory before a property can be sold. Other states like New South Wales and Victoria strongly recommend them, but they are not mandatory. In these states, while not compulsory, it is common practice for buyers to arrange inspections to identify potential issues. Here's a more detailed breakdown:     ACT (Australian Capital Territory):     Mandatory building and pest inspection reports are required before a property can be sold. New South Wales: While building and pest inspections are not mandatory, they are highly recommended and often arranged by the buyer. Sellers are required to disclose any known defects or issues with the property, according to NSW Fair Trading. Victoria: Similar to New South Wales, building and pest inspections are not mandatory but are a common part of the buying process. Queensland: Only state requiring licensed residential building inspectors, according to the ADF Consumer Centre. Other Australian States and Territories: Recommendations for inspections vary, but they are generally not mandatory. In summary, the Australian Capital Territory stands out as the only jurisdiction where mandatory building and pest inspections are required before a property sale.

John Smith wrote on Aug 12^th, 2025 at 2:03pm:

Sir lastnail wrote on Aug 12th, 2025 at 9:16am: John Smith wrote on Aug 11th, 2025 at 7:47pm: Sir lastnail wrote on Aug 11th, 2025 at 3:41pm: John Smith wrote on Aug 11th, 2025 at 1:06pm: Bobby. wrote on Aug 11th, 2025 at 12:54pm: But they don't advertise places as bulldozer jobs. thats because not everyone is as useless as you and many are quite happy to fix things that aren't quite right. Many buyers actively search out these properties because they can get them cheaper. but how good is the fix-up job ? Unless you are in the know you could be buying a lemon and later spending another 50k or more. so get a building inspection ::) and waste money only to be outbid at the auction. Why not provide a building report to prospective buyers like a road worthy on a car ? Not sure if you understand how it works. No one forces you to bid more then you think it's worth

That's not the point. People have certain expectations based on the advertised price range which usually sits below the reserve price. This smacks of misleading advertising. Otherwise, dispense with the price range because it is essentially underquoting and a gimmick design to entrap people.

We are in middle of having sold in Queensland and buying a unit for daughter in Victoria.
When our qld house was advertised for a “make an offer” scenario.
I said I’m not sure I like that. I could get ridiculous iffers!
Then the next thing was advertised as “present all offers over $xyz”
I liked that better.
But here in Victoria, it’s advertised as $640,000 to $710,000
And I think of $640,000 right? Wrong. Agent says seller is wanting near the $710,00
So that to me, is just wrong, it’s bs, it’s just… an awful vibe.
Why bother with the lower amount at all?

Now interest rates have been cut .25% so will this fuel a frenzy in real estate? Will it drive prices up further so as the rba is seeing inflation ramping up again only to raise it next time?
Silly cycle.

*

Sir lastnail wrote on Aug 12^th, 2025 at 5:02pm:

That's not the point. People have certain expectations based on the advertised price range which usually sits below the reserve price. This smacks of misleading advertising. Otherwise, dispense with the price range because it is essentially underquoting and a gimmick design to entrap people.

i already gave a possible solution to the underbidding.

Sophia wrote on Aug 12^th, 2025 at 10:52pm:

Now interest rates have been cut .25% so will this fuel a frenzy in real estate? Will it drive prices up further Silly cycle.

I hope so, my place on the gc went up $200k in the last 2.5 years alone. A couple more years like this and it will have tripled in price in about 8 yrs.

John Smith wrote on Aug 13^th, 2025 at 8:33am:

Sophia wrote on Aug 12th, 2025 at 10:52pm: Now interest rates have been cut .25% so will this fuel a frenzy in real estate? Will it drive prices up further Silly cycle. I hope so, my place on the gc went up $200k in the last 2.5 years alone. A couple more years like this and it will have tripled in price in about 8 yrs.

That's OK if you want the cash but if you want to buy back in
you'll be doing so at inflated prices and paying stamp duty too -
at 4% on $1 million - that's $40,000.   :o

Note - I heard a story of a pensioner who sold their house
to downsize to a unit and because they had a heap of cash in their bank
they lost all their pension.   ::)

You're just lucky you took my advice and purchased when I told you to goober otherwise you'd now be complaining you can't afford the rent anymore :D :D :D

John Smith wrote on Aug 13^th, 2025 at 8:59am:

You're just lucky you took my advice and purchased when I told you to goober otherwise you'd now be complaining you can't afford the rent anymore :D :D :D

I rented a place from a friend at a low price after I sold my house.
Unfortunately the prices went sky high after I sold -
which was the opposite of what the newspapers were predicting.
When Covid hit the prices should have gone down but they went
up due to low interest loans.
I got out of it in the end but had to buy in to an inflated market
and pay bloody stamp duty.

I had to leave Melbourne for work.
My house was recently renovated and I didn't want to rent
it out and have tenants ruin it leaving me with a 20k to 30K repair job
like 2 of my landlord friends.
Thems the breaks - I'm fine now.


Not all property ideas turn out well.
One of my mates bought a cheap place - a "renovators dream" -
he got a heart attack and nearly died trying to renovate it himself.
he had a triple bypass in hospital.
10 years later it is still not fully renovated and he's received no rent from it.
It took him 9 years to get the kitchen working with all the plumbing etc.
It's still not finished and he still can't rent it out yet.
Gee whizz - it sounded like such a good idea when he bought it.  ::)

John Smith wrote on Aug 13^th, 2025 at 8:33am:

Sophia wrote on Aug 12th, 2025 at 10:52pm: Now interest rates have been cut .25% so will this fuel a frenzy in real estate? Will it drive prices up further Silly cycle. I hope so, my place on the gc went up $200k in the last 2.5 years alone. A couple more years like this and it will have tripled in price in about 8 yrs.

Is it negatively geared?.

John Smith wrote on Aug 13^th, 2025 at 8:33am:

Sophia wrote on Aug 12th, 2025 at 10:52pm: Now interest rates have been cut .25% so will this fuel a frenzy in real estate? Will it drive prices up further Silly cycle. I hope so, my place on the gc went up $200k in the last 2.5 years alone. A couple more years like this and it will have tripled in price in about 8 yrs.

I’m blown away how much the property market has gone up so much just recently.
What was worth about $760k late last year has gone up almost $100k to now!
Fastest growth I’ve seen in Goldy since we started buying in 2004.

The house just sold went up more than double in 7 years!
Usually the rule of real estate is it double every 10 years…

And the rent is ridiculously high in the Goldy now.
A 3br with ensuite can get about $850 week rent!
Ours is at $710 and I’m not upping it much when time comes to renew lease… we are happy with tenant  (better the devil we know) and sometimes pays to have a lower rent for that reason rather than a higher rent for a mob of unknowns.

The house just sold has a good tenant also and rent was lower than average going rate.
He will stay on with new owners as the rent just went up in Feb a little, and qld rental rules are you can only raise rent once per annum.
So he’s going to be okay until next Feb.
By then, going by how prices are going up… I would hate to guess what rent will be.

Leroy wrote on Aug 13^th, 2025 at 9:42am:

John Smith wrote on Aug 13th, 2025 at 8:33am: Sophia wrote on Aug 12th, 2025 at 10:52pm: Now interest rates have been cut .25% so will this fuel a frenzy in real estate? Will it drive prices up further Silly cycle. I hope so, my place on the gc went up $200k in the last 2.5 years alone. A couple more years like this and it will have tripled in price in about 8 yrs. Is it negatively geared?.

nah ... i bought it cash about 6 yrs ago

Sophia wrote on Aug 13^th, 2025 at 10:37am:

And the rent is ridiculously high in the Goldy now. A 3br with ensuite can get about $850 week rent!

I'm getting just shy of $1k a week for 3 bd and ensuite

John Smith wrote on Aug 13^th, 2025 at 11:06am:

Sophia wrote on Aug 13th, 2025 at 10:37am: And the rent is ridiculously high in the Goldy now. A 3br with ensuite can get about $850 week rent! I'm getting just shy of $1k a week for 3 bd and ensuite

It must be in a very good spot! Walking to Broadwater or beach etc?
Or it’s got a bit of land and pool?

Ours is on land under 400msq

But it begs the question, if a renter can afford $1000 a week payment, surely they can buy and pay off a house?

.

Sophia wrote on Aug 13^th, 2025 at 4:59pm:

John Smith wrote on Aug 13th, 2025 at 11:06am: Sophia wrote on Aug 13th, 2025 at 10:37am: And the rent is ridiculously high in the Goldy now. A 3br with ensuite can get about $850 week rent! I'm getting just shy of $1k a week for 3 bd and ensuite It must be in a very good spot! Walking to Broadwater or beach etc? Or it’s got a bit of land and pool? Ours is on land under 400msq But it begs the question, if a renter can afford $1000 a week payment, surely they can buy and pay off a house?

For $1k a week they should be paying off their own mortgage.

Check it out !

Albos housing market :(

All of the property hoarders have bought up the good stock with generous tax concessions not offered to owner-occupiers. All that remains are the scraps not fit for human habitation :(

Reality of breaking into the property market | A Current Affair

https://www.youtube.com/watch?v=qtnR_Iq_dxs

Check it out !

Is ‘underquoting’ to blame for rising property prices?

https://www.youtube.com/watch?v=AFUyGl8NtEg

Sir lastnail wrote on Aug 18^th, 2025 at 6:29pm:

Check it out ! Albos housing market :( All of the property hoarders have bought up the good stock with generous tax concessions not offered to owner-occupiers. All that remains are the scraps not fit for human habitation :( Reality of breaking into the property market | A Current Affair https://www.youtube.com/watch?v=qtnR_Iq_dxs

Beautiful little unit in Perth that is a very good buy under $400,000. Some people just can't be satisfied.

https://www.realestate.com.au/property-house-wa-armadale-148807788?sourcePage=rea%3Abuy%3Asrp-map&sourceElement=listing-tile

Sir lastnail wrote on Aug 26^th, 2025 at 10:36am:

Check it out ! Is ‘underquoting’ to blame for rising property prices? https://www.youtube.com/watch?v=AFUyGl8NtEg

Don't think I've seen anything so stupid. If your agent keeps showing you houses that are out of your price range then stop using that agent, agents have nothing to gain by showing clients houses they can't afford.

You are making a huge investment in your life and you don't take the time to learn the market and have an idea what you can afford, do you really think you should be taking on such an important decision if you can't figure out what a house is worth.

Quote:

Dirty Tricks Selling Houses - Underquoting rampant

At the same time they are talking the price down to buyers they are talking the price up to sellers trying to get their business or convince them to sell when they wouldn't if given an honest price expectation.

This happened to me on my first house sale. In the 80's the agent told me that the house would easily get $180K it was a smallish 3 bed room. I though at the time he was exaggerating - My thought was maybe $150K. Turns out that $135K was pushing it a bit. I had no intention of selling for that at that time. He was just wasting everyone's time.

He also kept leaving a card saying he had shown the house. I was a shift worker at the time one day I heard the alarm go off while I was in bed almost sleeping. The alarm was turned on again 30 seconds later. When I woke I found his card on the table saying he had shown the house. He was showing the house to nobody.