Hi guys, Just doing a bit of Suburb research and stumbled onto the following: Click here to see property Just wondering why this property has been sold for so cheap? Is it a sale for a family member? Did the owners default on their loan? Where can I find out more info? Cheers, David
Even if owners defaulted, the banks would not sell for those prices. It looks like a transfer between family members to me.
I'm only guessing of course. But for properties that changed from a single name to a family trust within our family, anyone looking at the figures would wonder why they bear no relation to the value of the property. Full transfer duty was paid using valuations, but the actual "price" of the "sale" history looks odd if you don't know the story behind it. This must happen a fair bit.
