Posts Tagged ‘Apartment’

The Auction

March 26, 2017

 

IMG_0767Christmas Dec 2015

Daughter with our grandsons

Well bid, Sir.

And with that a small 2bedroom home-unit changed hands to a lucky new owner. Last week has been hectic, too hectic for some seniors. Readers might remember that after that last heat-wave we decided to get air-conditioning installed. This all happened last Thursday.  Three trucks arrived at 7am. The evening before we were warned not to be in our pyjamas. This referred to when we asked for a quote and we were still night-clad at 11am a few weeks ago, when the man arrived to measure and quote for the air-con. We got sprung. It is rare for us to be out of night-gear before mid-day. It is a nice luxury and it is not as if we  have to catch the 6.30am bus (401 Balmain-Sydney)) to get to the train and then to work.

We had also made a move to go to a real estate Auction this last Saturday. Our daughter has for some time now been mulling over moving. It is funny, Sydney is not as homogenous in its people as one thinks. Perhaps with all the influx of migrants many areas have grown starkly different. Our daughter decided to move away from her area that seems to be mainly peopled by working couples. Dual income no kids or  known as DINK couples. The Dinks want to move upwards and want the mystery of ‘life-style’. And they want it now! That’s why they scurry out of the door to work, and in again after work. They are the 6.30 am bus catchers. Sydney  house prices though might mean they will have to catch the bus for many years yet!

‘Not many children or teenagers, not enough coffee lounges and bookshops,’ our daughter said. She also added. ‘There is just not enough loitering of people walking the streets,’ it is just not cosy.’  It is a boring suburb. She is referring to where she has lived for the last few years. I am familiar with the boring. Could she be a chip of the old block?  She likes the areas where the diversity is somewhat greater. I suppose she might also remember the halcyon years, when growing up in the inner city suburb of Balmain.

So, off we went and scoured the real estate pages, including http://www.domain.dot.com and all those sites that at the flick of a button opens up the world of apartments for sale nation-wide. The advertisements are all false. ‘They are false estates,’ Trump would say. Photos are taken with wide angle lenses that make a mere toilet look so big one would think buying an airport lounge. The interior measurements are juggled with but that’s alright and dealt with by the small lettering down the bottom warning buyers to not rely on anything the brochures and advertisement might be stating. Fake brochures. Fake figures.

Her choice finally singled out on a 2bedr, town-house at Dulwich-Hill. After  pre-contract perusing by solicitor and financial  acrobatics and skirmishes between daughter and us, we worked out some details. The value of her present property, a 3bedr double story unit would most likely be less than the pokey 2 bedroom place she was interested in. We would hang in there for the difference! A premium is now paid for closeness to latte sipping venues and bookshop browsing opportunities. Mothers with prams while nonchalantly sipping a latte from a carton cup while strolling about can add thousands to properties. A premium is also paid for 6am coffee shops opening while catering for lycra clad bikers/joggers and senior dog strollers with fold-out walking sticks.

The mood at the auction was electrifyingly tense. People were eyeing each other, trying to estimate the depth of their wallets. I had pre-booked our interest and my bidding number was nr. 9. The auction started at exactly 9am. It must be the law. No late comers allowed upsetting the procedures.  We had a pre-arranged limit over which we would not bid. Our daughter was tense. We pointed out the smallness of the unit. Will this be enough for you and two growing teen-age sons, we asked?  She just nodded a bit nervously. How much the worth of latte, I could have added but did not.

The crowd had gathered outside, and a movie camera was pointed towards all of us. There would have been a fair sprinkling of neighbours curious about how much their units had shot up over the last year or so. Sydney is now the most expensive city in the world and a dangerous bubble is ready to bust anytime.

The opening bid after a few seconds was $ 850.000.-. It soon was incremented by $5000.-lots, when it all started to stall at around $ 900.000,- Our limit was  firm at $920.000.- I kept calm but knew we would soon be out of the picture. The auctioneer started getting serious and wanted it to get over with. No doubt he had other auctions scheduled for later on. He started to raise his little wooden hammer, his tool of trade, and threatened to call it. The real action started. The serious buyers were now getting into their stride. The final bid was $ 970.000.-

The oddness at auctions is that when the property gets sold, people clapped as if they had seen a performance or an opera. Perhaps it was operatic. I enjoyed it. But, the buy was over the top. Our top anyway. I felt relieved and Helvi was ecstatic. She felt it was far too small and dark

The auctioneer congratulated the successful bidder by saying, ‘ well bid, Sir.’

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