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With the Auctions, it obviously depends on who else is there and who likes the same items, as too how much of a bargain you get.
I stumbled into a Ross’s Auction 2 weeks ago, and walked away with a beaut Vanity for around the same cost as a basic white one.
They were also selling shower heads, they had 20 of them, and these morons kept pushing up the price to $80 outbidding each other, only to take one each anyway! Could’ve shot them!
You can register and get emails sent out each week from Ross’s, including catalogue of items up for Auction.Had a 2nd opinion on my place today, from my area’s number one Agent. $150,000 and should get $140 /week rent. He actually advised holding on to it, refinancing and using the equity to buy another property etc etc.
Asked what he considered the best buy around, and he suggested an 1131 sqm block down the road. Its got a 3 x 1 on it, which the present owner wants to rent at $150 /wk for 5 yrs. It’s presently zoned as single res, but he feels if it’s zoning changed, it would add $40 – 50,000 on it.
My questions are:
Whadya reckon?
And how do zoning changes take place?Quote:Depends on how much your mortgages are.Mine is $111,000 pay $420ft.
Gf is $108,000 pay $400ft.I think the capital gain on gf’s can only get better, mine would be at its peak if its where the agent alluded.
I also have a capital loss of $70,000 to claim against in the future.
Thanks so much for the feedback! [8D]
