Thanks Richard. I appreciate your response.

Thank you Steven and Richard for your feedback. I appreciate the effort. I note the comments on the 95%/97% possibly being cheaper and I suspect you might be correct.

Thank you very much.

I am happy for anyone to PM me if they have any input. FYI I am an investor and not in the banking/valuer industry.

Cheers.

Hi Mei,

my two cents worth:
-Don’t bank on analyst predictions, unless speculation is your strategy.
-If you need 30% to 40% deposit then your leverage is low so you’re going to need an outstanding return to make it worthwhile.

Consider the opportunity cost. ie you can get into a deal with 10% of purchase price any day in Oz (5% deposit plus 5%…[Read more]

Also Pen check out what type of title they have. If they are on leasehold (correct term?) you might have difficulty getting finance. Suggest you check this out as part of your DD. Not sure if this issue was covered in the other thread.