Home owners pay $50K rates to save Gladstone properties

MORE than $50,000 in overdue rates has been paid by three home owners who were threatened by Gladstone Regional Council that if they didn't pay the properties would be sold. 

An auction was scheduled for today but now won't go ahead after the owners paid three years of overdue rates this week.

>>Council to auction off 10 Gladstone homes

>>Council to auction off 3 homes, collect $50k in unpaid rates

Nine Butler Street New Auckland will be auctioned off by the council if the owner doesn't pay $11,835 in overdue rates.
Nine Butler Street New Auckland will be auctioned off by the council if the owner doesn't pay $11,835 in overdue rates. Google

 

In December the council sent out 55 letters to property owners around the region threatening them that if they didn't pay their overdue rates then their properties would be sold.

All of those owners have now settled their accounts. It wasn't an empty threat, last year a property in Deep Water was sold by the council for $345,001 after the owners bought it for $830,000 12 years ago.

The Sydney based owners owed the council $70,000 in rates and the state government $30,000 in taxes.



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