When I look at property in Adelaide on realestate.com there is always a price range. ie: $280K to $310K. This is usually not applied in other states. Does this mean the property is worth the higher value? And they are encouraging buyers with lower budgets to look or what. I know with research and time I would be able to predict the correct value but it drives me crazy.
Cocobean wrote:When I look at property in Adelaide on realestate.com there is always a price range. ie: $280K to $310K. This is usually not applied in other states. Does this mean the property is worth the higher value? And they are encouraging buyers with lower budgets to look or what. I know with research and time I would be able to predict the correct value but it drives me crazy.They use it in quite a few states. Rule of thumb – somewhere in the middle is what it goes for. Not always of course. It is called the Pillings system, you can read more about it here: http://www.pillingsystems.com.au/buyer_ranged_1.html
I'm not a fan like yourself but you have to work with what you are presented.
Thanks for that!
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