Hi all, Had an interesting conversation with a REA in Kallangur this morning... The REA claimed that if a property in Qld was advertised with "offers over" a certain price, then the maximum theoretical price should be no more than 10% of the advertised price (referred to some laws specific to Qld). E.g. if a property is listed at offers over 300k, the maximum theoretical price would be no longer than 330k. Is the REA pulling my leg? He also had a polite chip at me for making offers below the listed price, and my reply was that I was trying to secure an investment that provides 6% rental return. Not unreasonable isn't it?