Ha ha, as promised another informative post, with many South African's who have moved to Australia I wonder how on earth they are able to afford the cost of home ownership considering our weak ZAR/AUS.
Sadly many auctions will come up with people not being able to afford holding onto their homes, possible loss of income or cost of living.
City to city rates do reflect massive difference in pricing.
!BEER
Haha thanks for your support :)
yes I believe the auction just favours those with the money to boost up the prices over the reserve. Also the real estates under quoting the price so keeps hopes high for those with a small budget
!ENGAGE15
Buy what you need, buying a home is most probably the biggest and longest debt one carries. Being realistic looking at a small home with more property to develop onto in the future is most probably a good route to follow.
Or look at feasibility of buying land and building a more self sustaining home not relying on electrical companies and water supply by installing from the start.
Happy hunting!
ENGAGEtokens.