Michael….spoken like a true salesman[angry2]

Why wait a little and save 10% when you can buy at peak, because as we all know property is selling like hotcakes and if you dont get in quick there wont be any left right[biggrin]

12 months seems to be the norm over here as well. I cant for the life of me work out why they take so long??

This is the one by the rich dad poor dad bloke?

Well done mate,

Its just a shame that we cant expect to see the same returns over the next 10 years IMHO. I seriously doubt there is much room left. Someone please correct me if Im wrong, but unless there is some major inflation which will = increase rates we are in for a very flat period…

Undervalued…..based on what???

Remember value has nothing to do with what someone DID PAY, it is dependant on what you can sell it for. So if you cant sell it as the price you want then its not undervalued is it, its worth what he market dictates…….

geez mate how longs a piece of string!! Who would have guessed that the government would come outwith a first home owners grant in combination with a low interestrate. There are soooooooooo many factors that can affect realestate and finance as a whole. If it was easy then everyone would be rich…

Originally posted by The Wild OneFor 7 years I was a mess.

I had to make sure everything was ‘perfect’.

I was a pay check away from not paying my rent.

What a crock of <edited>e-you were so ‘perfect’ that you were so broke that you were living from paycheck to paycheck[hmm]

And then you give the rediculous advice to ‘just do it’….well I…[Read more]

Dont mean to rain on your parade mate but Im trying to work out how you plan to affor this property if you couldnt afford the deposit? Do you have other funds/contingincy plans should you loose your job, interest rates go up etc??.

We have always invested so that we have enough saved to account for a year of repayments should anything happen.…[Read more]

Thanks Rick,

But my concern is what is he trying to hide? Surely if everything was above board any reasonable person wouldnt have a problem with an inspection. A lot can be hidden behind plaster-for example insulation (or lack thereof). The appartment is adjoined to two others, he quoted us over two grand to upgrade the insulation for a higher…[Read more]

You have a nice day to

No bite though-just some simple opinion. And in my opinion places like Bacchus Marsh WILL be the major growth areas of the future. Stop thinking like a sheep-the people who make the most money arnt the ones who do what everyone else is doing, they are the ones with the vision and forsight.

Think about it-if you were…[Read more]

Originally posted by lifeX:
And for the record (ho hum), a block that could fit a tennis court and a pool in Glen Waverley would easily be converted into a 6+ 3br Townhouse site and sell for $450,000 a pop. I doubt this would be standard in Bacchus Marsh.

Lifexperience

ho hum….gee if its so simple then I suppose you must be a multi multi…[Read more]

Thanks for the reply VERY VERY much appreciated!!! Yes a solicitor looked at the contract and didnt raise any concerns. This ownership/inspection thing just totally caught me off gaurd though-I never for a second thought I would have a problem getting a building inspector in to have a look, it makes me scared as to what the builder is trying to…[Read more]

Does anyone know anything about anything?? Or are we all as clueless as each other??

Originally posted by lifeX:
Glen Waverley is usually 25 mins to city via S.E Fwy. Has a very good quality Public High School, Cafes, Many Parks, Shopping Centre and a lovely train line. It also has a booming asian immigration population. The median house price here is a lot less than $900k………blogs, where on earth did you get all of this…[Read more]

Anyone??? [strum]

Thanks, how about the stamp duty prob? will I still save it even though ownership isnt transfered till the settlement??

Bump…please some help/opinions???[blush2]

Hate to say it but you have brought up a good example to alot of people new to the property market. Im only relatively new myself and like a lot of people have only experienced the ‘upside’ of realestate. However my Dad has told me time and time again of how in the 80’s you could hardley even give away property.

People seem to be living in a…[Read more]

IMHO I dontthink you can gopast Bacchus Marsh-only 45 mins from the city and a great country town (though it is rapidly expanding). I still cant work out why on earth someone would spend 900k in GlenWaverley where you are an hour from the city (except maybe early Sunday mornings[hmm]) for example, when 600k in a town such as Bacchus Marsh would…[Read more]

Thanks for the replies.

Yes you can buy off the plan. On this topic though-they are doing it so that you dont have to pay until settlement, therefore ownership resides with the builder until settlement. This has me wondering if I would still save on all the normal stamp duty etc under this arrangement??