Community Discussions
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Top Oil & Gas Companies of 2025 by Market Capitalization
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Source: https://www.marketcapwatch.com/
Top Comment: Aramco was owned by us at one point ?
Rankings for shoe companies by market share, revenue : RunningShoeGeeks
Main Post: Rankings for shoe companies by market share, revenue : RunningShoeGeeks
Bitcoin is now the 7th largest asset by market capitalisation.
Main Post: Bitcoin is now the 7th largest asset by market capitalisation.
Largest companies by market cap
Main Post: Largest companies by market cap
Top Comment: Amazon is actually a tech company, their most profitable division is AWS.
Global Automotive Industry by Market Cap
Main Post: Global Automotive Industry by Market Cap
Top Comment: this is just crazy. Tesla is worth more than all major brands combined even though just one of them makes more profit than Tesla.
"Market Buy" Propety Selling Platform as a sort of Silent Auction?
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We're looking to sell our unit on the Gold Coast and recent went into a listing presentation with an agent. They presented us with this selling platform called Market Buy which I thought was a bit like a silent auction. Not quite auction, not quite a traditional sale. It essentially allows buyers who are vetted by the agent to post "bids" (that aren't binding), similar to an Ebay auction I guess.
It made sense to me, though I was wondering if anyone has used this to sell a property or could shed some light on it?
Thanks!
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I bid on an auction via market buy. The house didn't sell. Most bids happened in the last minute, so like ebay, don't bid until the very last moment
Market Buy web platform - anybody here with experience using this?
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Basically, the title.
Wife and I put in our (first ever!) offer on a place. We liked it enough to make an offer, but weren't willing to die in a ditch on this.
We haven't come across this platform before, but it may have been we just didn't notice as this was the first place we were interested in enough to make an offer.
REA had set this up so you couldn't see anyone else's bids, but could see who had the highest bid in real time. We put our best and fairest price in and were highest bidders for 13 minutes (which was fine). The person who pipped us bid twice (first bid was lower than ours) then held the lead for about 3 hours.
Before close of bids at 1700hrs, another bidder trumped them, but it took them about 12 bids to get there. It appeared (due to the lag between their bids on the day) they had had to have a think about maxing their final bid before close of offers. Or waited long enough so they wouldn't be outbid.
Interestingly, there was a lot of interest in the place compared to others we've looked at - about 50 other parties looking at this place, compared to 4 or 5 in recent weeks. Only 10 registered bidders in the web platform, with 4 or 5 putting in single bids only.
In the end, we probably came in third. As I said, we weren't willing to go to war on this and are actually happy with the outcome.
So AusFinanciers, anyone else have experience with this or similar platform? What was you experience like? Did you get the place in the end?
For us, great experience. We don't mind the platform, but at least it really made us focus on what was a fair bid and what we thought the place was worth. Next time, will probably have a decent bid, a fair bid and a max bid in our pocket.
Only issue we had was there didn't seem to be a place to make special conditions- you could only select from finance, building and pest, condition on selling current place as well as nominate a settlement period. This place did need a bond clean as it reeked of dog (and we love dogs!).
Top Comment: As a (tired) prospective buyer, I've seen this platform in action a few times - and I would never recommend participating. Here’s why: There’s nothing to stop agents bringing in phantom bidders – there is no financial risk as none of the bids are legally binding and all the buyers are anonymous. If the phantom bidder accidentally submits the highest offer, the agent tells the owner that someone else (a legit buyer) has more attractive offer conditions. And they can do that because... The platform doesn’t allow a buyer to enter enough information about their offer conditions. The result? The property is bid up to the moon – then the agent calls each buyer to verbally extract (and water down) their conditions. In contrast, a paper-based EOI process allows an owner to see the amount and offer conditions at the same time – which is better for the buyer and ironically more transparent for the owner - as they're not relying on the agent's word - it's on paper. The eBay style deadlines are meaningless – even if a buyer has the highest bid when the clock hits zero, the agent can reopen the bidding after the deadline to eek out more money. It’s a market for lemons right now. I personally feel that if you engage in this process, you could not only buy a dog property, you could overpay by many (hundreds of) thousands.
Limit Buy vs Market Buy : r/JustBuyXEQT
Main Post: Limit Buy vs Market Buy : r/JustBuyXEQT
Why can't REAs tell me what the other offers are? Are they legally prevented from doing so, or is this some ridiculous selling strategy? Either way, I'm over it.
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Put in offers for several places now and have apparently come up just short each time. Each time the place has sold for less than what I would have offered had I known what the other offers are. I'm not willing to just blindly offer potentially $20k over what I think a place is worth, simply because I don't know what the other offers are, but as a result, I end up just missing out.
I have asked explicitly "what are the other offers?" and "what would the vendor sell it to me right now for?". Immediately I'm met with vague, evasive answers or uncomfortable mumbling about not being able to give specific details, etc., etc.
My question is: why the hell can't the real estate agents answer these questions?
Additionally, why do I have to wait until a particular day "when all the offers are in" to find out if my offer is good or not? Why can't I just make an offer and get an answer straight away? I feel like this whole process is a complete joke.
One last thing, does anyone know of a way that I can bypass the REA and go straight to the vendor? I feel like that might solve some of my problems.
Any help or input would be greatly appreciated. Thank you.
Top Comment: They could, but their job is to get the vendor the best price possible, not get yhe buyer a decent price. If they tell you the other offers, you'll offer that plus 1k. If they leave it open, you might offer that plus 50k. Sometimes scarcity makes people do things... like put a 320k deposit on a house without securing finance.