We found a GOLDMINE site in Doncaster East—725sqm, prime school zone, no overlays. It was an absolute ripper… but we walked away with $1.58M. Was it the right call?
Not every auction ends with a win, but sometimes, walking away is the smartest move. This was a cracking site in Doncaster East, 725sqm, prime school zone, no overlays, and ready to roll. But we had to make the tough call when the bidding hit $1.58M.
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This week, we cover: How to calculate a property’s real value;
▪️ The Site Breakdown: Why 26 Paula Crescent had serious potential (3:01)
▪️ School Zones & Comps: How we valued this one right (6:59)
▪️ Auction Day: The moment we knew it was time to let go (11:30)
▪️ Feasibility Study: When a good deal stops being a good deal (19:06)
Timestamps
00:00 – Episode Overview
00:48 – Powered by ReadyBuild™
01:26 – Site Spotting with Guru Gav
02:41 – Auction Failures: Before You Did
03:01 – 26 Paula Crescent, Doncaster East Case Study
06:59 – Checking School Zones
07:43 – ReadyBuild™ Dual & Location
10:19 – Building Overlay
11:30 – What Happened on Auction Day
13:06 – Inside Comparable Sites
19:06 – Feasibility Study
27:38 – Walk Away Cost
29:08 – Outro
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