There are some agents in Sydney that have a fondness for cats, birds and fish. You just have to stipulate it before hand. A friend of mine is renting a poperty through LJ Hooker in Kingsford and the tenant has a cat.

Banks are willing to lend on under 50 sq so long as the LVR is good usually between 70% and 80% and some will go up to 95%, sosize really isn’t the issue. The issue is more position. Any studio/1 bedders in the area codes of 2000 – 2010 (and sometimes up to 2016) the banks are very cautious.[xx(]

I personally think that if interest rate rise, it will be CBD, Pyrmont/Ultimo and Alexandria will be the first to fall. However, if you look already prices haven’t moved that much in the last 5 years in the CBD so they are not a great investment anyway.[]

I just picked up a 1 bedder in Bellevue Hill (41 sq) and the levies are 1200 a year. It is not too bad and it is in one of the best streets in Bellevue Hill, so if you are looking in the studio/1 bedder market, you have to be a bit finicky too. The one bedder next door to me sold at a premium of mine at $45,000 and it is in the same condition.[]

[8D]I deal with real estate agents everyday and even they tell you that only “mullets” buy at auction and that you shouldn’t buy at auction at all.

[8D]

I’m sorry to offend anyone, my mother and father have grown up in similar circumstances to you Richmond and they too are professionsal, my mother is an economist and my father is a General Practioner. My father was migrant and my mother a daughter of migrants. And growing up in Australia of Greek Heritage was not the easiest in the 50’s and 60’s. However, I am not referring to genuine cases as yourself and my parents. I’m referring to 15 and 16 year olds that are falling pregnant and I have the statistics from the Dept. of Health Services saying it is quite epidemic. T

You can thank Gough Whitlam for Australia’s socialistic transfer payment system. Which other country in the world encourages single mothers?? I hate it when people walk into my fathers medical centre and flash their medicare card as if its a platinum AMEX and expect to be seen straight away. Things have to change in this country.

Drive down Parramatta Road and look at all the crap examples of Skylines, FTO’s and Soarers. Although private importers are being restricted, the market is getting sick of “tired” models and prices are dropping but if you can make money good luck. I wouldn’t touch an imported car personally. The fuel grades are different here and can hurt the cat. converter. And on an import, try and get a reasonable one (price and condition).

Josh,

Under Commercial Law, banks have to sell the propert at “a fair market price”. It a mortgagee auction falls under reserve the bank does not have to sell the property. Real Estate agents are now refusing to market them as mortgagee sales as it brings out the bottom feeders and time wasters/

I am a finance broker however, a mate of mine deals with low deposit home loans. You can get him at drmortgage.com.au. He is in Sydney too if you need to make a local call.

When you exchange at an auction it is pretty much the be all end all.

I work with a few real estate agents in Sydney’s East and all off them say that only shmucks buy at an auction. If you want the property make an offer before and you will ascertain how serious the vendor is at the price you want to pay.

I have seen agents place dummer bidders and after a while you begin to recognise the same dummer bidders at these auctions. They bid at every auction and for a variety of properties (even at the same auction). I have seen the same bloke bid for a $2,500,000 home in Vaucluse and 2 properties later a semi in Botany. And then a month later a company title unit in Bondi. And at the end of it, he may have been the last bidder and the properties didn’t sell. I could be paranoid though. I don’t think the new regulations will restrict these practises.

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Why doesn’t eveyone just cool off, leave the personality clashes aside (we are all different), put your heads down and tails up, make some money and enjoy doing it and helping those that want to be helped along the way.