NSW Price withheld

Discussion in 'Property Analysis' started by Archaon, 14th Oct, 2019.

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  1. Archaon

    Archaon Well-Known Member

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  2. Hulk

    Hulk Active Member

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  3. Archaon

    Archaon Well-Known Member

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    Rather surprising that property sold for 460k, it was listed far lower, around the 320k mark.

    I assume they had an abundance of people offering unconditional contracts so they chose to goto Auction.
     
  4. Propertunity

    Propertunity Well-Known Member

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  5. Propertunity

    Propertunity Well-Known Member

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    I have it being advertised with a Guide $390,000 to $420,000.

    An Art Deco in prime condition for a major reno on a block of R3 zoned land that has rear lane access with the only negative (enough to put me off all the same) being that it was on a major road was never going to have a "3" in front of the price.
     
    Last edited: 15th Oct, 2019
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  6. Archaon

    Archaon Well-Known Member

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    @Propertunity Thank you for all the info.

    Was that a price guide for the Auction?

    It was listed for a set price prior to it changing to Auction, I can't remember what it was listed for, is there any archives of previous listings?
     
  7. Propertunity

    Propertunity Well-Known Member

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    upload_2019-10-15_10-44-54.png
     
  8. Archaon

    Archaon Well-Known Member

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  9. pinot

    pinot Active Member

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    May I ask where you were able to obtain listing history from?
     
  10. Archaon

    Archaon Well-Known Member

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    CoreLogic is my guess.
     
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  11. Propertunity

    Propertunity Well-Known Member

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    That one was Pricefinder as CoreLogic didn't have it.....but usually one or the other.
     
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  12. Archaon

    Archaon Well-Known Member

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  13. Propertunity

    Propertunity Well-Known Member

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    If by "back in the day" you mean 14 Feb 2018, then it was listed for a brief time at $400K. But neither RP Data or APM Pricefinder has logged a sale or sales price.
     
  14. Archaon

    Archaon Well-Known Member

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    Curious, thank you for having a look for me.

    Do you often come across sales that aren't logged like that?
     
  15. Propertunity

    Propertunity Well-Known Member

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    That’s a first for me. At a guess I reckon it was on the market then withdrawn from sale all in the same week. Then the agent said it was sold price withheld, which it wasn’t. Just my guess. I could be wrong.
     
  16. craigc

    craigc Well-Known Member

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    Interesting - on the house has it as sold in March 2018 but with no sale price noted.
     
  17. [d4rk-fr3d]

    [d4rk-fr3d] Well-Known Member

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    But, eventually, the real sold price on the "price withheld" property will be revealed after the settlement process.

    I wonder if you can ask the valuer general in your state (NSW) to revoke or keep the price as secret.