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Hans Bond
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@hans-bond
Join Date: 2009
Post Count: 10
June 13, 2012 - 12:35 am
No, I have no other residence besides this one
Hans Bond
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@hans-bond
Join Date: 2009
Post Count: 10
December 6, 2011 - 2:36 am
I would always go with positive gearing. Remember to invest means to gain something, there is no point in investing if you do not make money.
Hans Bond
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@hans-bond
Join Date: 2009
Post Count: 10
December 6, 2011 - 2:30 am
Unlike in US, foreclosure sale is like opening can of worms in Australia. If you stepped into it, there is no way of turning back. The value of the sale here is much higher compared to the US as it is managed through real estate agents.
If you are really interested in buying foreclosure properties, I would suggest you to have a look into US market.
Hans Bond
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@hans-bond
Join Date: 2009
Post Count: 10
June 8, 2011 - 4:19 am
I have different case here… there is subsidence happening due to broken underground stormwater pipes which will cost a fortune to fix it..
the thing is I only put "subject to building inspection" (without "to buyer's satisfaction") in the contract…
I would rather pull out from the contract rather than proceed to buy it…
however the vendor's lawyer wants to bring this to court due to breach of contract as building inspection has been done and there is no "to buyer satisfaction" clause on it
any advice?
Hans Bond
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@hans-bond
Join Date: 2009
Post Count: 10
September 16, 2010 - 5:39 am
yes, I don't know what they mean with "vendor's finance".
I would think if this is considered as a mistake, the contract should automatically void?
Hans Bond
Member
@hans-bond
Join Date: 2009
Post Count: 10
January 29, 2009 - 9:42 pm
thanks for the reply..
just in case i decide to go with the investment loan, is it still possible to get first home grant?