Hi Quasimodo,

On the topic of due diligence. I am purchasing a unit in Burwood and would like to know what other due dilgence should I have done on the property.
So far I have:
* Got a feel of the area and spoke to agents & buyers for 6 months to find the median fair market value of the unit and the fair rental income.
* Purchased the home price guide
* Worked out excel spreadsheet my negative geared amount
* Is it still possible to do a building inspection report & pest inspection report for units?? I would have thought it can only be done for houses?.
* Made searches on the net of the property developer of the unit, to find more info on the company
-> Is there anything else that one could do for due diligence?

Quasimodo,
Do you have the website address for vacancy rate statistics for nsw?. I tried to search it on the net, but to know avail could’nt find anything. Also tried http://www.abs.gov.au , but there wasn’t any statistics on vacancy rates.
Can you help here,

thanks
Champ