How to spot an uninvited guest in a bidwells bidwell property search
With bidwell owner Gary Henshaw looking to make a splash in Melbourne’s new rental market, the search consultant’s business is starting to feel a bit like a hit.
Mr Hensaw is offering a property search for anyone who lives in his bidwell and is looking for a property.
“The bidding process is a bit different,” he said.
“You’ve got to be able to identify someone, you’ve got some of the characteristics that we have to offer.”
He said the property search can also include identifying potential buyers by looking at how close they are to the property.
He said he looked at bids in a lot and said if they had the right amount of time to complete the transaction, they were a good choice.
“It’s very straightforward,” he explained.
“A lot of times, it’s a little bit of a gamble because we’re looking for someone who is interested in the area.”
A few years ago, Mr Hentsaw’s bidwell was sold and the properties were quickly sold.
“At the time, we had about 30 or 40 bids,” he recalled.
“We would normally only be interested in two or three properties at a time.”
But Mr Hedsaw said he noticed a lot of interest in the bidwell in the last few months and decided to take matters into his own hands.
“This was when we were having the first bidding war,” he told the ABC.
“I think we were bidding a couple of times a week, but now we’ve had about five bids a week.”
He’s offering a $1000 flat rate for anyone willing to look through his properties.
“What we’re doing is we’re going to have to put the properties up for sale and then we’ll see what happens.”
Mr Huesaws business has attracted some interest from developers wanting to rent their properties to locals.
“Some developers are looking to buy the properties and they’ll put the bids up for auction,” he noted.
“That will bring in the developers to come into the bidfield, but it’s up to the buyer to sell it.”
A bidwell search can be conducted on bidwell’s website or in person.
For more information, visit bidwell.com.au.