A lot can happen in 2+ years!

I just wanted to update this posting with how things turned out, for anyone thinking of purchasing similar.

We went ahead with this plan. Basically, it was the best option on the table for us in difficult market. It certainly was littered with risks, but on balance we have been really happy with the outcome.

The…[Read more]

Budget is on the upper slopes of 500.
Deposit is over 10 per cent. This is a decision arrived at only after searching the market pretty intensely.

Thanks to you both for the comments.  

Shahin, what we are finding is that everything in our price range is over-priced… full stop. This actually has everything we want. Yep, at around 85sqm for a 2 bed it is a little on the small size, but not compared to what we're renting right now. If this is a bad idea, what do you suggest?