It was private sale for 5 weeks. Very little interest in whole estate. Not many opens and not many lookers. Rained out for 2.
Going to auction because I need to get rid of it. For me, timing is good. (as opposed to market timing)
There was an onsite auction last week on a similar property. In my opinion the house sold for a very…[Read more]

It is vacant. I am of the impression that is best for selling what is basically an ordinary 4 bed rendered brick, tile floor investment property in Springfield Lakes. It doesn't look too bad. I would post a picture if I could figure out how!

Andrew 

Have you thought of selling it before you build? Just like a house & land package? Purchaser only pays stamp duty on the land then. Good savings to be made for the purchaser, also less rick for you. If sold this way you do the build as you would for any client. They pay deposit and all stages when due you don't have to use your…[Read more]

I have been renovating and building for almost 25 years now and whilst i agree with moxi10 as to exercise caution. This could be an opportunity. Negotiate the purchase price down once you have determined to your best ability the extent of the damage with the assistance of experts actually looking at and inside the building. Do up…[Read more]

Have you considered a JV with a builder? 

You have the land. If you can come to an agreement about how the builder will be paid /profit share on the end of the build. That might work.

Good luck

Andrew 
An Investment Property Builder

Did you get a pest inspection on this or are you looking at hoop pine floorboards in an old Qlder with borer holes in them?

Andrew

A builder.