So, at the end of the auction, add 10% to your purchase cost for GST. On top
of that, add the 10% buyers premium.
All up... You get slugged an extra 20% on the price said at the fall of the
hammer. Not as attractive as things first seem. Auctions like at Curtin
certainly seem
You add the GST after the buyers premium , so its actually an
increase of 21% .
That is getting close to a quarter extra.
eg :- A final bid of .... $360 gets close to but under
$450 . (436)
Not such a bargain after all !
And the really fun part is trying to calculate all this in your head
in the two to three seconds in which you have to decide whether to
bid or not, before the auctioneer bangs the hammer.
Regards,
Phil
(who accidentally bought a Mazda 626 car a couple of weeks ago by
waving his hand at the wrong time at an auction. Oh well, turns out
that it does drive pretty well.)
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Sent from the Apple PowerBook G4 of:
Phillip McGree
Perth, Western Australia
Mobile Phone: 0418 922 500
Macs for sale - new and secondhand: http://www.themacshack.com.au
PerthComedy Site: http://www.perthcomedy.com
