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Thanks for the reply Clare. Thankfully in this case finance won’t be a problem. I’m probably a little more interested in the specifics of the area eg. what one part of the Docklands offers over another, is one tower better located than the next etc.
A lot of people on this site talk about thinking outside the square and thats what you have got to do on this one. You don’t HAVE to have a job to own property. I’m studying FT at uni and don’t have a job but just went halves in my first IP (granted, I was lucky that my parents would guarantee the loan). However think about getting a partner (someone who is employed), see if any of your family members will assist you. There is more than one or two ways to structure a deal and I guarantee there will be more than one or two ways that you can get yourself in the property market. You just have to think laterally and most importantly stay positive.
Good luck to ya I hope you can do it too, J-Rock.
Just bought a 4 bedroomer in Kingsley for 254k. Was looking aroung Craigie because it was undervalued however the median moved 20k over the couple of months we were looking. Can still get in there for low two hundreds but if I were you I’d have a look around Padbury, Heathridge for good quality 4×2 around the 250 mark. I think these suburbs still have a bit of growth in them even at this stage of the cycle.
J-Rock
When you put those clauses in your contracts always specify to the PURCHASERS satisfaction. By just saying a satisfactory building report, termite inspection etc you are leaving a lot of room for subjectivity and argument. If your clause says; subject to a building report deemed satisfactory by the purcahser or something like that (cant quite remember how I word it), the ball will always be in your court.
J-Rock
