Thanks all of you for your valuable comments. It appears that one can buy a house with $150k witth a good size block. Is there any particular area to avoid? Do any one of you have any experiencing of subdividing there?

Regards
Sharif

Hi Sanjiv:

Thanks for your advice. I have looked into Adeladie as well, in the elizabeth, davoren park area. I can only buy one part of a dupex with $110 k. If I have to buy a house I need to spend at least $120 – 130K. I thought it is better to buy a house in the outer suburb of Melbourne than in the outer suburb of Adelaide. What do you think? I alwaays considered cashflow, but I think that is not an option in this market as I am taking 100% LVR. So I am hoping for at least a reasonable growth and may be some help with minor renovation. I am still actively searching for the positive cash flow as well.

By the way, thanks for the quote from Nelson Mandela. I am great admirer of him.

Sharif

Sharif

Thanks Mum(!). Your advice is ver helpful. I am not sure about one thing though. If I use the valuer from the lander’s panel, and it is found that the price has been inflated, can I re-negotiate the price. Or can I use the lender’s valuer before putting an offer?

Regards
Sharif

Sharif

Thanks for the advice. Much appreciated.

Sharif

Sharif

Thanks Westan for your valuable reply. Any one else with any more comments?

Sharif

Sharif