Yesterday my In-laws sold their house that they've been living in for the last 22 years. It was an auction sale and the buyer was willing to pay $430,000 for it. The house itself is old and run down but the buyer has alternative plan for the land; he's a developer who's going to sub-divide the property into 2 or 3 dwellings.
Seriously we didn't expect the auction would go that high but it did. But it did and at a really good price. The In-laws have already bought another property in Sunshine close to their son at $405,000 which means they have $25,000 of cash to spare. They're going to need to fix the new place with that money I supposed.
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