2008-06-10
Are Valuations exact or are there differences, here are examples of mistakes made or was it deliberate under valueing for the media?
I sold over 5,000 people properties between 1990 and 2002 worth around$1 Billion in total, today they are worth over $2 Billion.
The best example of a property that I sold that I have found so far was in what we thought was a questionable areas of Brisbane for $39,950 in 1998 and that sold for $195,000 in 2008. That is a 500% increase in 10 years or 50% PA on average. Why doesn't the media tell about this property.
My name is Chris Bilborough. You may have read about me in the papers or watched some stories on Current Affair programs on television about supposed two tiered marketing of properties on the Gold Coast.
Well, as most of you are probably aware we live in an era of trial by media. Our media outlets are more interested in Sales and Ratings, never let the truth get in the way of a good story.
I was one person who suffered greatly from this. This website is dedicated to the real story that was never broadcast nor printed. My story
My purpose in writing this is to let people know the truth about this period of time and pass on actual accounts and references to the events within. You be the judge.
It is an interesting story which gives you a personal insight into the many workings of Governments, Lenders, Politicians, Valuers, the ACCC and Property Investment.
There are so many myths and untruths about this whole Industry. I can back up all statements on this Website with facts.
I hope you enjoy the read and invite you to communicate with me on any areas or subjects you may wish to have clarified or an opinion sought.
Thanks
Chris Bilborough.
P.S.
Please realise that nobody put down cash, they used equity from their own homes, the properties only cost them about $60 per week on average, that is $3000 per year and after rent has increased the total cost over 10 years would be less than $20,000 to keep the property. If they bought it for $160,000 and it is now worth $340,000 that is 17 times the money they invested or a 1700% return which is an average of 170% per annum.
I am truly sorry for those that sold and missed out on the profits.
It is interesting to see that if properties were sold at a loss, most were usually resold at a profit very quickly, some around $100,000 profit in under 12 months. Was this a real loss or Real Estate agents reselling at a profit.
Anyway I would like to hear from anybody who bought a property from one of these companies, and especially those that have held on to them or made a profit.
Please email me cb0088@gmail.com and tell me what happened, and I am very happy to search your property and work out what it is worth now. We only ever told people to buy and hold, hopefully for 10 years or more. If you sold because of the media and their dodgy valuations, you should sue the media and I would be happy to help.
In this website I will also show what happened with the Government Minister that accused me of selling overpriced properties, how she admitted to being an alcoholic and needing psychiatric help, how Premier Peter Beattie and Minister For Fair Trading Merri Rose are accused of having an affair, Rose then tried to Blackmail Beattie and spent 3 months in Jail. Is it any wonder I would like to clear my name, have a look at the resales and the way valuations were done and either believe the Federal Court Judge or Merri Rose.
You decide whether the Federal Court Judge who spent 5 weeks hearing the ACCC case was right and concluded that there was "no evidence to show the properties sold were overpriced". Or was the media and the criminally convicted, alcoholic Minister for Fair Trading correct?
Although the judge found me innocent it never made it into the media, but the accusations did and have never been withdrawn.
2008-06-10
I realise some people lost money, and for that I am truly sorry, but people lost money when they sold after buying from Real Estate agents as well. Here I show some New sales from the big Real Estate agents such As Ray White Surfers Paradise, Max Christmas and others.
2008-06-06
The media used a low valuation to show people how they had been ripped off, I challenge the Media to show where they used NEW comparable properties to get their fair market valuations from, rather than old and inferior quality comparisons.
