Hi,

look at “Tell us what you think” and follow the thread Copying posts..submitted by Peter M.

Kavita

Hi,

I bought off the plan about 3 years ago, just before the property boom. I have certainly made quite a handful, but it has been very stressful.

It took the company 2.5 years to build. (I was told that it was going to take only a year -I was stupid to believe that…..my first property). As they kept to saying that the apartment was going to be completed in six months time….I couldn’t dare change my place of employment or anything else for that matter ( I wanted to go back to uni and finish my B Comm/Law – which I am finally doing next year!)

Plus the quality of the apartment was not as good I would have hoped for! The finishing touches weren’t that great. I was very disappointed.

However if it was for purely investment purpose, it was a damn good buy..10 min from the city centre, 2 u/g parking space and sought after area for renters. I would not buy ANY off the plan apartments/property now cus its very over rated/priced and by the time your apartment/properrt is built, the value would have gone down heaps…but thats in Canberra..

Maybe you should check out if there are more off the plan releases in that area in the coming future or not. Have you researched the builders/company?

Houses are better. I would personally wait for the market to cool.

Hi Bill,

Same here…you know my email address. []

thanks a million!

kavita

I thought landlords only had to “repair” items, not install new fixtures (unless it was a safety issue).

Maybe you could ask for more rent on the basis that the quality of the property had increased after all these alterations[] It may shut them up

Hi aussierogue,

Yes Kavita is a real name…i think its means poetry. Its an Indian name.it seems to be a very popular name in India. ( Never been there but a lot of Indian seem to be familiar with it)

Regards

Kavita

I like Zoe and Violet (over Indigo)

Kavita[]

Hi Arty

have you thought of purchasing a PPOR and then leasing it out briefly…so you can claim (thru ato)cost of purchase..and then concentrate on purchasing an IP?

Have a think about it

Hi Melanie,

Does it make any difference if you live in the property first ( just after completion)?

Those are whole heap of taxes that didn’t know could apply

Hi

I would personally try and save for a house/property to live in. Are you paying rent currently? If you are it would be worth buying your own property…then using the equity to buy an IP. Also I believe it will be better for you to wait and observe the market … it will change.

Get your parents to visit a financial adviser or an accountant. Joint ventures with family can be a problem later onwards.

Sorry nothing too positive here!!

Hi Sach,

I actually reside in Canberra …its a great city to live in.

And yourself?

What did you mean by Lighting Ridge? there is a place called lighting ridge…i know about ridgeway in NSW