Thanks for the info Rhys – it appears that I won’t be purchasing the property now but I appreciate the time you have taken for giving the feedback.

Thank you Elite Property Finance

Thank you WiP! Any feedback from you is always appreciated

Hi WiP,Thank you for your follow up.I did not end up buying the unit. I went ahead with a building and pest inspection then after viewing the reports I submitted a written offer with a bank cheque attached acting as a generous deposit. The vendor did not accept the offer. I lost approx $600 for the inspections but felt it was the best chance I had…[Read more]

Thank you for the replies.Christianb – land is not sub-dividable so can’t go with your suggestion!

Dcwwood – am thinking along your thoughts….

Either way, the property does need some work so can anyone recommend a builder in the area?

Oh…and if the area does not EVENTUALLY improve, then what? Hold, rent or sell? Sell doesn’t give us much – if not less than what we paid for.

Looking forward to feedback. Cheers.

Thank you so much WomeninPropMelb – you are obviously a wealth of valued and up-to-date information and a great asset for our community

Phil,

Thank you so much for taking the time to respond and with such valuable feedback! I will most certainly take up on your advice.

If the bank valuation was to end up way under, are you saying I am stilll able to cancel the sale and obtain a refund if it is after the cooling off period (minus 0.25% after the cooling off period) and it is…[Read more]

Thank you Jamie,

I have already asked the agent for a copy of the minutes which they are currently organising from the vendor. Good advice – any more you may have is always appeciated!

Thank you Cheeves – I am interested in finding out more bout these “deals..”

Thank you Andrew A, Xdrew and Mattsta! Great feedback and most certainly food for thought!

Thank you Scott No Mates – will look up the blog.

Cheers!

Thank you to all who responded and to WobblySquare – I’m thinking along the lines of “parking” the cash into the offset account as well!

Sapphire101 – you’re right – I haven’t got this worked out…that’s why I’m asking. All part of the learning process and broadening options.

Cheers!

Thank you for your feedback Speedy G! Back to the drawing board and my thoughts (for investing) are now turning towards Orange and Muswellbrook. Heard a lot about them…will investigate further.

Thanks bjsaust – agree; no rush but remain active in researching the market for property for the right price…when it happens.Yeah, listening to all these companies and "pros" does become confusing and disheartening – especially when one is trying to remain open-minded and become educated… as so many of the responses received for this…[Read more]