Im unaware what the unconditional stage means, the 5 day cooling off period passed about 5 weeks agao and the final settlement days was to be this Wednesday. Apparantly the woman who is buying is awaiting retirement funds to come through, maybe she should have organised a bridging loan or something.

Well my fears have been realized. Four days out from the final settlement date the buyer says she cant secure funds and needs more time. I have already organised a rental property to live in, paid the bond (big $$$), organised removalists (big $$$), put heaps of my stuff in storage(big $$$) so I'm down to my last $100 for the week and to make mat…[Read more]

Ok, have done a little more study now and mind you I am also a little more cautious as a result. I have just  read  some reports that state that the Australian property market is overvalued as much as 50%.  This is according to OECD reports and another guy buy the name of Daniel Denning (yank), although this guys "expose'" reads like some kind…[Read more]

Huge backyard, double-block. Next door neighbour has done just that, a 20squares brick house infact.. I would imagine that local council would have to approve any application on my mothers behalf as they have done for the neighbour. You may have given me another idea.cheers

Thanks guys, I have managed to talk some sense into my mum (and myself). Turns out she has compiled quite a bit of personal debt, credit cards etc amounting to 30k that she wants to pay out as its causing her many sleepless nights.. After some further investigation I found that at her age she can access a small amount of her super (10% pa) so I…[Read more]