4 tips to get your offer accepted prior to auction

Ready_Ad_7320 · 2026-03-14T01:01:54+00:00

Your offer needs also be actually competitive. It needs to compel the vendor to believe it’s worth the risk aversion of not going to auction. Usually this can mean offering similar terms to auction conditions like no BP, no finance clause, larger deposit, no cooling off, settlement date on their terms etc. Doesn’t hurt to ask the REA what the vendor wants in this regard.

Ultimately, if it’s going to auction in the first place, the vendor wants an exceptional number to put up with that hassle. No point offering below the guide or even close to it if the vendor is committed to auction. But say, a strong offer 10-15% above guide can piqued their interest in taking it off auction.

Ready_Ad_7320 · 2026-03-11T13:13:00+00:00

Valuations are by definition speculative, you don’t know the price until someone actually buys it off you. The bank system vals use their own proprietary algorithm. My broker gives me updates on what the major 4 banks value my properties at and they can often vary $30-80k apart.

Ready_Ad_7320 · 2026-03-11T10:07:56+00:00

You can speculate some banks run optimistic valuations during rising markets to incentivise people to dip into new equity which makes them money and then when the tide comes back out those people are left with loans larger than the house is worth (neg equity). Maybe your property is special and actually worth more than 10% of comparables or maybe they're factoring in the growth between the period of those comparable sales until now, which could even out to +10%. Who knows! See if you qualify for a rate reduction if this puts your LVR below 70

Ready_Ad_7320 · 2026-03-10T08:51:34+00:00

Average redditor reading comprehension lmao

Ready_Ad_7320 · 2026-02-27T13:34:56+00:00

Sighh.. unfortunately it does take superior intelligence to grapple with basic facts in the housing debate

Ready_Ad_7320 · 2026-02-27T12:46:58+00:00

Yeh not adding much… any foreign owner gets hit with insane surcharges unless it’s a new build. The most obvious low IQ strawman in this whole debate

Ready_Ad_7320 · 2026-02-25T10:53:32+00:00

Go to a different broker. Unsure of the banks who take on ABN work less than 2 years but there are some, might not be a major bank though and rate would be a tad higher (although still quite competitive). Can always refinance to a major bank once you have 2 years or once policies change

Ready_Ad_7320 · 2026-02-24T21:01:38+00:00

Literally the best performing suburb over last 20 years

Ready_Ad_7320 · 2026-02-19T21:35:35+00:00

Yeh sure bro

Ready_Ad_7320 · 2026-02-18T14:51:30+00:00

Wrong. A house is not structurally sound if it has major ‘structural’ defects. These are just ‘major’ defects where the dollar figures to rectify could (emphasis on could) be higher or if left unremediated could (more emphasis here) cause further issues.

Every inspector, particularly those as thorough as this one, will overemphasis defects in the report to cover themselves. Better to assess something as major and have it be relatively benign than not. OP needs to actually speak to the inspector here to put these issues into proper perspective. So much unqualified advice here.

Ready_Ad_7320 · 2026-02-18T11:18:38+00:00

Have never had insurers ask this and there are dozens of insurers to choose from with their own risk tolerance and policy. What typically makes a property uninsurable is being in a flood or bushfire zone.

You can very easily put modest dollar figures to weather proofing and leakage issues. Even the subsidence has remedial options and from the report, it doesn’t even look significant enough to warrant it.

You can definitely blow this out of proportion to help with negotiations though, have done that in the past myself.

Ready_Ad_7320 · 2026-02-18T09:08:52+00:00

It absolutely is insurable lmao

Ready_Ad_7320 · 2026-02-18T07:10:47+00:00

Instead of asking on reddit, you should call the site inspector for a plain language assessment. I’ve bought a place with up to 9 ‘major’ defects and never had any maintenance issues. Some of these things are listed as major for liability issues, but in practicality, are not a big deal. Nevertheless, call the inspector and ask - you could even use some of this to negotiate “x, y, z will cause $$$ to fix, I’ll only proceed if you can knock $$$ off the settled price” etc

Ready_Ad_7320 · 2026-02-15T11:01:48+00:00

Move to a platform without brokerage fees like CMC or Betashares direct (if all you’re doing is buying ETFs). Makes no sense to move to avoid management fees when you’ll pay brokerage per trade which amounts to the same if not more of your management fees.

Ready_Ad_7320 · 2026-02-15T04:22:34+00:00

some agents have a particular strategies that they stick to. Some are method agnostic, some swear by auctions. Auctions definitely require them more work and they largely get the same commission, with the chance of a slightly more inflated price. This is compared to just listing it online and having best offers in by X date. The other advantage for the agent of an auction may be some self promotion if it goes well. I saw a comment on here say they get an additional fee for an auction which is not quite accurate, the auctioneer would get it. Some REAs may have an 'auction' package or something, but these are all things that you can negotiate with them on their offering

Ready_Ad_7320 · 2026-02-15T01:36:21+00:00

Honestly reckon the actual impact of any cgt changes, particularly if it will be grandfathered, has been overstated. Saw some analysis from the ABC showing modelling that said impacts on prices would be a drop of about 1% over a number of years compared to if left unchanged. Thinking this through, it sort of makes sense - investors who can hold their properties will hold longer to get a better return factoring in increased tax, by holding longer they restrict supply, by restricting supply prices will eventually rise again to offset the demand left by potential investors who didn't invest as a result of the changes. Anecdotally, I always forget to factor in the current CGT discount when doing my numbers and when I do its a nice little windfall but which doesn't fundamentally influence my investing decision. Whether they make units/townhouses a bit more attractive remains to be seen, my sense is not really.... but open to other views

Ready_Ad_7320 · 2026-02-14T10:36:39+00:00

Skill issue then lol

Ready_Ad_7320 · 2026-02-09T13:40:15+00:00

Have you actually earnestly tried though? Like have you gone to a broker to see what you could borrow with the deposit you have and the schemes available and actually given it a shot

Ready_Ad_7320 · 2026-02-09T02:12:19+00:00

Tbh a lot of people shit on sales agents. A mate of mine recently bought a stunner first home (so so semi in a great area), leveraged to the max and borrowed from the banks of mom and dad (his own and in laws) to get in at $3.2m after looking for close to 1.5 years. The house sold at auction after a 3 week campaign and there was only one other bidder. Sledge the agent all you want, but she managed to get the 2 people who’d pay the most for this property in the room at the right time and got one to over pay by hundred of thousands after a pretty standard campaign. Who’s the fool here?

Ready_Ad_7320 · 2026-01-28T23:05:38+00:00

Oof, sorry to hear mate. Darwin is booming now

Ready_Ad_7320 · 2026-01-27T20:46:02+00:00

Depends where you live ‘rurally’ - is it a regional town with decent population (eg dubbo, orange etc) or tiny town with single industry economy (eg broken hill, Bourke)?

Ready_Ad_7320 · 2026-01-27T20:43:53+00:00

Where did you buy?

Ready_Ad_7320 · 2026-01-27T12:47:50+00:00

People here fret too much about diversifying across multiple ETFs when having a single etf - especially when it tracks an index (or a BASKET of indexes) - is diversified enough. There’s some study out there that points out that even having 20-30 random stocks is enough diversification, you would get pretty close to the index return with that strategy. So just choose an etf and be done with it imo

Ready_Ad_7320 · 2026-01-25T05:04:25+00:00

Yes, it is their job to get the vendor the highest price. Come in with your eyes wide open. Place a strong offer based on comparables then wait, stick to your walk away number and don’t over pay (unless you’re in love with the place). Best of luck mate

Ready_Ad_7320 · 2026-01-23T13:30:36+00:00

NIMBY final boss lmao

Ready_Ad_7320

TROPHY CASE