Property Values

Discussion in 'Property Market Economics' started by MTR, 3rd Feb, 2019.

Join Australia's most dynamic and respected property investment community
  1. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    3,899
    Location:
    Melbourne
    Used to see it a lot in retail. Not sure if it still happens but stores would have an arrangement with suppliers where they get invoiced a "full" amount - and they would show the customers "Look, see this is what we pay, and we only put 2% on top - we are giving you a crazy deal" (ever see "Cost + x%" in car dealer ads?).

    After they sell, they send a rebate request and the supplier gives a certian % (whatever the agreed markup was) back to them.

    It made for all sorts of interesting tax issues too (ethics and other legalities aside) where the original invoice happens in June and the rebate happens in July etc.

    The Y-man
     
    MTR likes this.
  2. kitdoctor

    kitdoctor Well-Known Member

    Joined:
    31st Jul, 2015
    Posts:
    136
    Location:
    Darwin
    @kierank don't worry the opportunity to buy MQR at a bargain price is coming. I'm in the cue waiting too.
     
    kierank likes this.
  3. kierank

    kierank Well-Known Member

    Joined:
    20th Jan, 2016
    Posts:
    4,187
    Location:
    Brisbane
    I assume you mean MQG, not MQR :D.

    At 5c, I am guessing MQR is at bargain basement pricing :p.
     
  4. kitdoctor

    kitdoctor Well-Known Member

    Joined:
    31st Jul, 2015
    Posts:
    136
    Location:
    Darwin
    I'm already getting excited and shaking!
     
    kierank likes this.