08/09/2026
Unpaid rates auction Mount Isa Qld , in its second day . Very political auction , being that the aboriginal commission owns 80% of the properties.
Strong local market buying and Brisbane based investors looking for a bargain . Prices are above expected due to Qld confidence in property market . Most buyers looking to Reno and rent out for cashflow , rather then quick flip. Which made buying harder .
102 Butler st , sold for $140,000 well above what you would expect for current condition .
Unpaid rates auctions are becoming more competitive every year . Buyers that do there due diligence and homework will prosper better, looking for an edge advantage to other bidders by knowing its full capitalised value is key to being successful .