Forum Replies Created
Thanks for your responses guys, especially Linar I think you've summed it up quite well.
My situation:
I submitted an offer yesterday morning which was rejected by the vendor yesterday afternoon. Miraculously the agent called today and said they would accept the offer. The offer expired 5pm yesterday, therefore I submitted an amended offer (lower price, shorter settlement) which expires tomorrow morning. So we'll wait and see.
Sorry i should have mentioned i'm inVictoria
Thanks for the responses guys. The property sold yesterday for $215,000 so the offers were real.
Unfortunately I'll have to deal with the same agent again as my second prefered property is with the same agent!
Thanks for your responses guys. It was great to hear other peoples points of views on the matter.
Just answering some of the above questions:
Jon: The property is a 2 bedroom unit located 7km from Melbourne CBDI've been looking at 3 other properties so this is just one of a handful that I've short listed. Although its the one that I believe will have the greatest capital growth as its close schools, shopping centres, transport etc etc…
What would be the best way to get the agent to validate that the offers on the property are true?
I have since made an offer of $191,000 on the property. He has advised me that he has received another offer of $213,000 and is trying the threaten that the property will sell for that amount.
Thanks for your response Marc.
I have just spoken with the agent who does not want to send me a copy of his offer of $210k. This is making wonder if it actually exists, particularly because he was stuttering and coughing…Of course he is not obligated to send it..
What would you make of this (if anything)?
Help Cento please!
Hi Free@last,
I intend use the equity from my home to purchase the IP's – cross collateralisation. What do you believe would be best stratgey?
Cheers!
Hi Free@last,
I will be using the equity from my home to invest – cross collateralisation. I have spoken to a broker, however he's sugguested that this is not the best option. Rather this implied that having an individual structure will be best…im curious if he's sugguesting this becasue of possible commissions etc..
Cheers!
Thanks for the above responses guys.
Jon: I dont have any other debts besides the mortgage repayments.
I've been doing some research on a couple of areas that I might invest in – Sunshine and Footscray. What are your thoughts in regards to both houses and units in these areas? I feel pretty confident with Footscray, however am a little uncertain about Sunshine.
Cheers
Correction: Combined income is $120,000
Thanks. I quite like Sunshine from an investment point of view.
Hi John,
The apartments are near Dynon Rd.
You're certainly correct in saying that theres an increasing number of apartment developments occuring in Footrcray. Although alot of them tend to be student accom's.
Footscray being a Princple Activity Centre (2030 plan) such developments will continue occuring. I guess the speculative question is whether there will be a demand for such properties.
Personally I think there will be given the proximity to the city and rising house prices in the area will ultimately push FHB out the the housing market and into something cheaper – apartments. Also,young professional's are generally time poor, therefore apartment living is quite appealling, especially from a maintenance point of view.
The property market in Docklands is certainly picking up and will continue to do so as its expected by 2020 Docklands will have over 20,000 residents and over 40,000 workers and will be/is home to NAB, ANZ, AXA. I agree though the developments have been and somewhat dissapointin. It needs more time i guess…
Hi John,
The apartments are near Dynon Rd.
You're certainly correct in saying that theres an increasing number of apartment developments occuring in Footrcray. Although alot of them tend to be student accom's.
Footscray being a Princple Activity Centre (2030 plan) such developments will continue occuring. I guess the speculative question is whether there will be a demand for such properties.
Personally I think there will be given the proximity to the city and rising house prices in the area will ultimately push FHB out the the housing market and into something cheaper – apartments. Also,young professional's are generally time poor, therefore apartment living is quite appealling, especially from a maintenance point of view.
The property market in Docklands is certainly picking up and will continue to do so as its expected by 2020 Docklands will have over 20,000 residents and over 40,000 workers and will be/is home to NAB, ANZ, AXA. I agree though the developments have been and somewhat dissapointin. It needs more time i guess…
Hi John,
The apartments are near Dynon Rd.
You're certainly correct in saying that theres an increasing number of apartment developments occuring in Footrcray. Although alot of them tend to be student accom's.
Footscray being a Princple Activity Centre (2030 plan) such developments will continue occuring. I guess the speculative question is whether there will be a demand for such properties.
Personally I think there will be given the proximity to the city and rising house prices in the area will ultimately push FHB out the the housing market and into something cheaper – apartments. Also,young professional's are generally time poor, therefore apartment living is quite appealling, especially from a maintenance point of view.
The property market in Docklands is certainly picking up and will continue to do so as its expected by 2020 Docklands will have over 20,000 residents and over 40,000 workers and will be/is home to NAB, ANZ, AXA. I agree though the developments have been and somewhat dissapointin. It needs more time i guess…
Correction – development is called "Salt River"
