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Speaker 1: Jonesy and Amanda in the morning. You know, I'm a

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Speaker 1: huge eBay seller. I love selling stuff on eBay and

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Speaker 1: buying and I've had a great theory if you put

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Speaker 1: no reserve on something, it will just go through the roof.

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Speaker 1: So there was a Channel nine news story last night,

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Speaker 1: and I've often wondered this, what would happen if you

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Speaker 1: put a house on the market with no reserve, because

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Speaker 1: there's a bit of risk you're putting no reserve.

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Speaker 2: And the reserve means that if you put that number there,

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Speaker 2: you have to sell it for that yep, and the

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Speaker 2: reserve is to protect you. So someone just doesn't buy

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Speaker 2: your house for a dollar.

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Speaker 1: But what that does, it makes it's so obtainable. It's

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Speaker 1: the myth of something that's obtainable. It's the dream of

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Speaker 1: something that you could get. You could get that for

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Speaker 1: a dollar.

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Speaker 2: Why have these people done this?

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Speaker 1: Well, there's a family and they've decided to put their

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Speaker 1: epping house and it's a beautiful looking house, looks great,

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Speaker 1: probably worth about one point five million dollars. But they're

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Speaker 1: going to put it on the market for no reserve.

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Speaker 1: They're saying they're doing this because they would like to

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Speaker 1: help someone else getting into the market, some young couple,

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Speaker 1: you know, perhaps they could buy it for a lot

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Speaker 1: cheaper than the one point five million. They could get

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Speaker 1: it for, say three hundred thousand dollars. This was on

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Speaker 1: the news last night.

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Speaker 3: We were hoping we'd be able to help out a

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Speaker 3: young family similar to ourselves and for them to be

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Speaker 3: able to get the great auzy dream.

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Speaker 4: They say their reserveless auction is simply an act of

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Speaker 4: paying it forward.

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Speaker 1: We feel like this is something that we can do,

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Speaker 1: so we would like to.

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Speaker 3: We feel like the same chance isn't available for other people.

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Speaker 4: Now. Stephen Josephine say they're hoping another family will buy

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Speaker 4: the house, even if they did just a buck.

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Speaker 3: Yeah, brave, stupid. Some might say that now we've made

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Speaker 3: the decision, and yeah, we're standing by it.

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Speaker 1: What do you think marketing geniuses or they being genuine

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Speaker 1: they want to help out.

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Speaker 2: I don't want to be smirch them. Do they sound lovely?

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Speaker 2: But having said that, there'll be a lot of people

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Speaker 2: who will turn up. We'll see how great that house

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Speaker 2: is and it'll probably go through the roof.

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Speaker 1: You're right, we have this dodgy poor fence guy come

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Speaker 1: around and he left us in the lurch. But he

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Speaker 1: left all this aluminion footing for the glas. The glass

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Speaker 1: slots into the aluminium, and it was just hanging. It

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Speaker 1: was two seven meters lengths of this aluminium stuff. And

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Speaker 1: my wife's going, well, what are we going to do

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Speaker 1: with that? You know, we've got to get rid of it.

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Speaker 1: And so I put it on eBay for five dollars,

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Speaker 1: no reserve. Do you know how much it's solved for

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Speaker 1: six dollars? Fifteen hundred dollars?

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Speaker 2: Really, just you think you put no reserve, You put

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Speaker 2: no reserve that more people are interested, and the bidding

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Speaker 2: goes up and up, and I've got all the.

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Speaker 1: Crap I've put you for your birthday from no reserve.

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Speaker 2: So oh, I've got that onlu medium stuff.

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Speaker 1: There's nothing wrong without.

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Speaker 2: All right, well, interesting, we'll keep tonight, so we will

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Speaker 2: let you know, be.

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Speaker 1: Out there with your paddle. Well, I'll give you five dollars.

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Speaker 2: There the estimated value of one point five be interesting

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Speaker 2: to see if it goes above that.

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Speaker 1: It could start a whole new thing. Though you know

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Speaker 1: that all right?

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Speaker 2: Well, Sydney real estate. Who knew would be talking about it?

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Speaker 3: Jones the and Amanda in the morning one at one

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Speaker 3: point seven, tell you fl