A house in Cecil St, Williamstown went to auction this weekend (5th June 2010). Quoted price range by Hocking Start, Williamstown was $900,000-$990,000. The Cecil St, property passed in at $1,040,000.
Not sure I can understand why, especially seeing that offers went over the quoted range. Perhaps the quoted range should have been $1,020,000- $1,100,000. That way, all those that attended the auction believing that the property would be sold between $900,000 and $990,000 would not be mislead.
Seeing that there is a proposed development application, between Nelson Place, Ann St, Aitkin St, Cecil St, Kanowna St in Williamstown, I personally wouldn't be bidding down this end of town until I was certain what was going to be built in the area. This development site, includes 412 dwellings, comprising 328 flats and 84 townhouses up to 13 storeys.
www.savewilliamstown.net explains all there is to know about the proposed development.
About Me
- ladybug
- Hello and welcome to my website www.investmentbug.com. My interest in finance came about while working for a financial institution. I am what you call “a bit of a bank nerd”. I like and have always had an interest in money matters. Even as a youngster, I remember looking at my bank statements to see how much interest I received for my savings. This site will provide you with information, tips, hints, examples, general thoughts and experiences. The information is very general and is more of a hobby site than anything else. People reading this site may not agree with everything I write about, but these are my personal opinions and experiences. The experiences are from being actively involved and exposed to people I have met or served over a period of time. The topics I talk about are a little dry at times but they are relevant. If you need financial advice, I suggest you talk to a professional. I hope you find this site useful. Lady Bug
No comments:
Post a Comment