First auction ever!!!

zac_smits Coolest Person Ever!

3,634 posts · joined Jan 2003 · 24 Jun 2006, 11:55 am

#504353

I've just bid at my first auction ever! (that and i've drunk a heeeeap of coffee and am buzzzing around like mad)

So yes..I just bid at my first auction ever...I pulled out ar $402,500...but i got there from $350,000 :P

Got a few odd looks too :P

Overall, very good fun...and a nice rush. Pity it was bought by a business in the end...damn rich people.

Oh well...anyone else bid at an auction before...and if so....did you win?

Zac

MOB: 0423890217

robnjo Veteran Volks Folk

2,082 posts · joined Sep 2003 · 24 Jun 2006, 12:13 pm

#504357

hope you were bidding on a house and not a dub😁

Bizarre Moderator The artist formerly known as blue74l

12,785 posts · joined Aug 2002 · 24 Jun 2006, 12:28 pm

#504362

We bought our last house with a post auction offer.
We wanted the house but hadnt sold ours - private treaty
Would NEVER buy before i sold. Briding finance can REALL be a killer

The day of the auction ours sold
The house we wanted went to auction and failed to sell.
They got $180k and wanted $230k. It was a deceased estate and they were hungry for money.
I offered 190k and they agreed.

Yes - this was 1991. House prices have increased since then

Dont think i could ever buy at an auction. The head starts to take over.
What ever you NEED to remain calm.

Good on ya for buying a house though

Futue te ipsum!!!

zac_smits Coolest Person Ever!

3,634 posts · joined Jan 2003 · 24 Jun 2006, 12:46 pm

#504366

i didn't buy it.

and personally...i thought it was overvalued when i pulled out at 400k

good luck to whoever did buy it tho,.

and yes...it was one hell'uve a dub. i mean...house 😉

MOB: 0423890217

megalania Insano Dub Head

722 posts · joined May 2006 · 24 Jun 2006, 5:47 pm

#504438

Man, that sort of money makes my head hurt. I couldn't imagine borrowing that much moolah from the bank. It scares me.🥷

Schmoburger Baywindow Mafia Godfather and Cement-Shoe Fitter

2,185 posts · joined Oct 2005 · 24 Jun 2006, 6:12 pm

#504444

Mmmmm... I cringe at the thought of having to pay that kinda money back to somebody with interest! :jesus

1976 Kombi Trakka camper, "Buttercup"... driver.
1976 Beluxe Microbus, "Saphir"... resto.
1974 Kombi panelvan, "George"... shed.
1974 Superbug, "Schmeetle"... resto.
[img]http://i23.photobucket.com/albums/b366/c

Bizarre Moderator The artist formerly known as blue74l

12,785 posts · joined Aug 2002 · 24 Jun 2006, 6:14 pm

#504446

I bought my first house - a one bed terrace in Balamin in 1985 for 59k

My neighbour next door was laughing his head off cause he bought in 1982 for 18k

A year later my other neighbour who bought for the same $$ sold for the same $$ 12 months later.
The person who bought sold 12 months later for $150k

I hate to sound like an old fart but the sooner you buy property the better you are.

Especially once you deduct rent - you cant loose in the long run with property.

Stuff superannuation

[ Edited on 24-6-2006 by Bizarre ]

Futue te ipsum!!!

zac_smits Coolest Person Ever!

3,634 posts · joined Jan 2003 · 24 Jun 2006, 6:16 pm

#504447

for those in melbourne...this was in richmond...a couple of streets behind 'the depot' (swan st)
(and right next door to a mechanics/restorer)

MOB: 0423890217

Bizarre Moderator The artist formerly known as blue74l

12,785 posts · joined Aug 2002 · 24 Jun 2006, 6:16 pm

#504448

Schmoburger wrote:I cringe at the thought of having to pay that kinda money back to somebody with interest!

Your happy to pay that sort of money in rent to some sod who is getting negative gearing to pay off HIS investment mortgage??

i died at the thought at having a 50k mortgage 20 years ago.

IF ONLY now!!

Futue te ipsum!!!

zac_smits Coolest Person Ever!

3,634 posts · joined Jan 2003 · 24 Jun 2006, 6:18 pm

#504451

i know my flatmate who i pay rent to (he's also the owner)...spends all the rent i give him...so i know he's not paying it off :P

MOB: 0423890217

Schmoburger Baywindow Mafia Godfather and Cement-Shoe Fitter

2,185 posts · joined Oct 2005 · 25 Jun 2006, 12:53 am

#504566

BUMP! :bounce

1976 Kombi Trakka camper, "Buttercup"... driver.
1976 Beluxe Microbus, "Saphir"... resto.
1974 Kombi panelvan, "George"... shed.
1974 Superbug, "Schmeetle"... resto.
[img]http://i23.photobucket.com/albums/b366/c

vw54 Administrator Always Waiting 4 Friday

16,723 posts · joined Aug 2002 · 25 Jun 2006, 8:51 am

#504583

U must be buying a house.... What do u get for that money in Melb

yeah auctions r a good rush....

I bought a footy jumper signed the other nite at a Trivia nite for $300.00 its great

I read it on FACEBOOK so it must be true

http://forums.aussieveedubbers.com/viewtopic.php?tid=91278&page=1#pid848630

http://forums.aussieveedubbers.com/viewtopic.php?tid=63561&page=1#pid624099

http://forums.aussieveedubbers.com/viewtopic.php?tid=4832&page=1#pid452603

http://forums.aussieveedubbers.com/viewtopic.php?tid=60650&page=1#pid574409

pete wood 23 Windows of Awesome

6,828 posts · joined Jan 2004 · 25 Jun 2006, 2:10 pm

#504650

We bought our place at auction 9 years ago near Blacktown in Sydney. It scared me half to death. Luckily my dad sat next to me with his hand on my arm and told me when to bid. Should have seen the look on the other bidder's face when I said, "108 thousand dollars". He thought he was about to win. ha ha ha.😂

We paid $115k. At the time I remember being a bit disapointed I had to pay more than 100k for it.

Now the land alone is worth over $300k. 🙄

I agree with Bizarre. Buy as soon as you can. Buy what ever you can afford, flat, house, WHATEVER, but get into the market and start paying it off. I have 3 brothers and I'm the only one of us with a mortgage and my wife and I are far more financially stable than the rest of them put together. And that's even with having studied full time 7 out of the last 9 years. Rent money IS dead money.

"stoopid is stronger than axles"
http://drivingnotpolishing.blogspot.com.au/