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?

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.

Carl,
Quote:


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:


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.

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


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.

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


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.

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



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

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.

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


You halfwit  -
They are bulldozer jobs not repairs. 

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

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


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.



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


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).

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


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

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

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

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

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

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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.

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.

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


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.

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


so get a building inspection

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.🤫

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



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.

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


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 ?

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


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

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


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

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


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 9:16am:


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

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


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.

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:


i already gave a possible solution to the underbidding.

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



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.   

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.   

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



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:


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.

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


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

.

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

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


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=re...

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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.