WA Perth monthly meetup

Discussion in 'Networking & Meetups' started by bob shovel, 12th Sep, 2015.

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  1. soggy

    soggy Well-Known Member

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    No worries @WestOz, we were just waiting to see if Friday was on so we could plan the evening. Ended up switching back to the old Balmoral again on Saturday. Do the next one!
     
    soggy, 4th Dec, 2015
    #61
  2. thatbum

    thatbum Well-Known Member

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    So are we still on for tomorrow? I'll come
     
    thatbum, 4th Dec, 2015
    #62
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  3. Perthguy

    Perthguy Well-Known Member

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    Yes...
    Then some of us are going to a Rivervale Auction afterwards at 2:00 PM

    42 Campbell Street, Rivervale WA 6103 | For Sale Auction

    The houses are open beforehand but I'm not so sure I want to see inside.
     
    Perthguy, 4th Dec, 2015
    #63
  4. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Yes Saturday is on! I will be there (hopefully without small people in tow)
    I doubt anyone's made a booking but I don't think it will be a big turn out.
    Did we say 11?
     
    Westminster, 4th Dec, 2015
    #64
  5. Perthguy

    Perthguy Well-Known Member

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    Yes, 11! It's a quick meet because of the Auction at 2. Although, only one of us needs to go to the Auction and report back... :p
     
    Perthguy, 4th Dec, 2015
    #65
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  6. bob shovel

    bob shovel Well-Known Member

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    I might be able to make a cameo appearance very briefly early on, I'll see how I go.
     
    bob shovel, 4th Dec, 2015
    #66
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  7. soggy

    soggy Well-Known Member

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    I'm here. Table 11 in the dining area.
     
    soggy, 5th Dec, 2015
    #67
  8. Perthguy

    Perthguy Well-Known Member

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    I am on my way but I am running late. At least another half hour
     
    Perthguy, 5th Dec, 2015
    #68
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  9. soggy

    soggy Well-Known Member

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    We're table 5 now, at the back.
     
    soggy, 5th Dec, 2015
    #69
  10. bob shovel

    bob shovel Well-Known Member

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    Table 5!
     
    bob shovel, 5th Dec, 2015
    #70
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  11. Perthguy

    Perthguy Well-Known Member

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    We think it sold for $1.54 million which puts @thatbum right on the money. I'm a tightarse, so my limit was $1.2. The fat was that he is a builder so won't have to pay a builders margin like I would! :p

    @soggy will have to confirm that price because I lost track a bit.

    Anyway, I was chatting to the buyer before the Auction and he is thinking of splitting it into two even sized blocks and building three townhouses on each - no common property. That gets around the requirement for a strata company if he just built 6 townhouses and did a strata but is cheaper than creating 6 green title blocks. I asked if he thought strata townhouses would be worth less than green title and as long as there is no common property and no strata company he though they would be worth the same. For someone living there, there is not really any difference. This will be an interesting project to follow.
     
    Perthguy, 5th Dec, 2015
    #71
  12. thatbum

    thatbum Well-Known Member

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    Haha nailed it! Yeah a bit too much for anyone except a builder to make enough money on. Was there much competition?
     
    thatbum, 5th Dec, 2015
    #72
  13. soggy

    soggy Well-Known Member

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    I think it went for $1.54m too.

    Was on the market around $1.3m. Reasonable reserve.
     
    soggy, 5th Dec, 2015
    #73
  14. Perthguy

    Perthguy Well-Known Member

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    Not too much competition. There were about 10 bidders or so all up but most were just tyre kickers. The buyer didn't even start bidding until the price got up there and by then there were only 2 bidders.
     
    Perthguy, 5th Dec, 2015
    #74
  15. Perthguy

    Perthguy Well-Known Member

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    Perthguy, 5th Dec, 2015
    #75
  16. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Nooo I won. I said 1.5 and you said 1.6. So I'm closer :p
     
    Westminster, 5th Dec, 2015
    #76
  17. bob shovel

    bob shovel Well-Known Member

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    "price is right " rules, closest without going over!
     
    bob shovel, 5th Dec, 2015
    #77
  18. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Damn!
     
    Westminster, 5th Dec, 2015
    #78
  19. soggy

    soggy Well-Known Member

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    Thanks. It's boxy all right :p Going to look for the other units on the block too.
     
    soggy, 5th Dec, 2015
    #79
  20. Westminster

    Westminster Tigress at Tiger Developments Business Member

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    Westminster, 5th Dec, 2015
    #80
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