My Dad lives around the corner and went to the auction. Apparently the locals were all laughing in disbelief and saying they hope the owner doesn't want to sell for 20yrs. He'd never get that much for it again or make a profit. It's such an unbelievably average house!
I'd want a discount if I was buying Julia Gillard's house...I'm just saying.
Paying more for a house than it's worth because of "celebrity" status is idiotic. More money than sense!
Surely the banks won't value it at the sale price.
They won't but odds are the buyer had money if she was willing to pay $250k over value and won't need a valuation - we had a big auction day yesterday and we were surprised that every buyer that bought never got a pest/building or valuation done prior - it's a crazy market!
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