Eight Peterborough properties that were listed for sale by the local council to recover unpaid rates have been acquired under the hammer.
The six houses and two vacant blocks were sold for prices that have not yet been revealed at the Peterborough City Council on Friday.
Seller agent Angus Barnden, or Wardle Co Real Estate, said the properties attracted a lot of interest.
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“We had a 100 percent authorization, the eight properties sold … and the results were good, they all achieved a sale price above the reserve.”
Baronden said that other properties should be auctioned, but that he retired before the event, since the owner paid the rates owed.
“The Council obtained the pending indebtedness for them,” he said.
The Peterborough Council listed the nine houses of seven properties and two vacancious blocks for sale earlier this month in a last attempt to recover jebts of the owners who failed to comply with their rates.
Each in several states of negligence and poor condition, the properties were expected to obtain no more than $ 80,000 each.
Barnen said when they arrived on the market that there had been great interest in all properties, and most buyers eager to restore houses to live, rent or “turn”. “
Last year, the advertiser revealed that the tips in the Metropolitan Adelaide owed more than $ 43 million in unpaid rates, with the crisis of life blame guilt for an increase in payments to pay the invoices in the requests for time and difficulties.
According to the local government law, the councils can sell properties where rates have been late for at least three years.
