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On the Broad Gauge

Life from the West Sunshine State with a transport bent

Friday, August 25, 2006

Less than or equal to?

Sometime in the distant past (OK, about 7 years ago) we were in the market for Melbourne real estate. At that stage I set up an 'alert' at realestate.com.au asking to be emailed when properties came onto the market in the East Malvern area for under $250,000 .This was just before the property market really shot up, so when I put it in this was a plausible price but six months later it was just silly and I never got a hit and I never bothered cancelling it.

Now, years later, I find myself from time to time getting an email announcing houses that match my price request.

When I look, I find they are prices on the market at $2,490,000.

Out by a factor of exactly 10.

I really don't want to know what their database is like.

1 Comments:

At 9:59 PM, Blogger Peter Parker said...

I've seen a few 'ring ins'.

On the assumption that people are willing to pay a little more than they say, if you search for $100 - 150k then you'll get houses up to say $165k or even more.

Other times they leave off the '000, so the house appears as being just $400.

Or sometimes the house shouldn't be in the for sale ads at all and it's actually for rent.

The weirdest was seeing a for sale ad for a place that I owned (and still do), but luckily they soon corrected it!

 

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