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  1. #51

    Default

    Doesn't read that way to me. Looks just like paid advertising.......
    Quite strange for a bank.

  2. #52
    Join Date
    Sep 2008
    Posts
    6,882

    Default

    a nearby property sold yesterday for $830,000, well presented, marketed with lots of interest at $855,000

    the 2014 rates valuation is $565,000

    as a check ran the address through homes.co.nz for their more current value estimate

    low - $855,000.............................3% over sold price
    medium-$895,000........................8% over
    high-$930,000.............................12% over

    looks like their algorithm hasn't yet been tweaked for the downturn we are seeing

    meanwhile after 7 months at $499,000 this apartment flipper has knocked off $70,000 to move this 2bd + car

    http://www.trademe.co.nz/property/re...1377014972.htm

    the banks will have to be careful
    Last edited by eri; Today at 11:50 AM.
    have you defeated them?
    your demons

  3. #53
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    7,262

    Default

    Quote Originally Posted by eri View Post
    a nearby property sold yesterday for $830,000, well presented, marketed with lots of interest at $855,000

    the 2014 rates valuation is $565,000

    as a check ran the address through homes.co.nz for their more current value estimate

    low - $855,000.............................3% over sold price
    medium-$895,000........................8% over
    high-$930,000.............................12% over

    looks like their algorithm hasn't yet been tweaked for the downturn we are seeing

    meanwhile after 7 months at $499,000 this apartment flipper has knocked off $70,000 to move this 2bd + car

    http://www.trademe.co.nz/property/re...1377014972.htm

    the banks will have to be careful
    How do you know they're a flipper eri?

    And do you know what they paid for it?

  4. #54
    Join Date
    Sep 2008
    Posts
    6,882

    Default

    Quote Originally Posted by Davo36 View Post
    How do you know they're a flipper eri?

    And do you know what they paid for it?
    it's not a flash building but someone has been buying up the apartments, doing them up nicely and selling them on

    no problems with that, but i call that flipping

    pretty easy to find out what they paid for it nowadays but that's not what i was trying to say

    more that my records show it was offered for $499,000 nov. last year

    and the txt of the tm listing says

    The vendor has dropped their asking price by $70,000
    have you defeated them?
    your demons


 

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