Joe is perhaps a rarity in his field. I think he's genuinely an honest, trustworthy guy. However, interest rate increases hampered interest levels which meant a disappointing auction. The approach of marketing the property below bank valuation to generate interest and hope for competition at auction to get the price to a decent figure didn't work in that environment for a property in our price range. It got plenty of people to come along but not bidding near the sale range. We ended up accepting a slightly disappointing price that was at the low end of what we and Joe (when we started the campaign) thought was fair value. But above bank valuation, so not a bad price just not a great one.

Joe Campisi





