Hi ErikThanks for your reply.  I am seeing these purchases as long term investments and yes I can afford to hold onto them if the interest rate rise, so your post makes good sense to me.Thanks againRudi

Qlds007 wrote:
in QLD you can make multiple offers but if they are accepted you can not pull out unless you use the cooling off period which will incurr a .25% of the total purchase price penalty. This assumes that all of the offers were cash unconditional offers otherwise as Jackie has mentioned you could terminate on the basis the approved…[Read more]

Thanks Scamp….I discovered that this arvo when I called the council!!!  Ah well, onto plan D, E or F!!!Rudi

Fantastic, thank you for that Don.Rudi

Hi CrashyThanks for your reply.  As I said, I'm a complete newbie at this so forgive my ignorance!!!  At the moment I have the proceeds from the house I sold in Sydney sitting in the bank, doing nothing more than earning me some interest each month.  I have moved to the Bayside area in Brissy, where right now the market, whilst not low, is a li…[Read more]

Thanks for your comments.  My gut feeling was the newer property, but I guess I was being a typical woman and letting too much "heart" come through with the one with the pool – it seemed like a "nice" family home……….As to "why the hell would" I?  Well I guess we all have different reasons for doing things.  Right now it makes FAR more fi…[Read more]