It's getting scary out there., page-5

  1. 3,114 Posts.
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    TU aldo, sounds like a real FOMO situation, a terrible fear to have.
    I attended a nearby auction yesterday, inner Melbourne Eastern suburb. A brand new house 4-3-2
    The Statement of Information had it down as $2.0 to $2.2 million.
    The auctioneer started the bidding off at $2.0 million, after four bids (and a lot of time) it was passed in at $2,080,000.
    It is now listed at $2.3 million via private sale.
    There were 888 scheduled auctions in Melbourne Feb 12, with 447 sales - about 50% clearance rate.
    All in all, not surprising given all the OECD inflation news with our RBA way behind the ball curve.

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