Thanks J
I have arranged a meeting to discuss half a percent per month and da submitted in 3 months. Thanks for all your help.

Thanks again. Your idea of ongoing increments for the non refundable deposit sounds good. I will certainly get my lawyer to write the contract once I have an in principle agreement with the developer.
The conditions he wants are that he gets DA approval from the council within 6 months with an extension of 2 months if required and settlement 60…[Read more]

Thanks jcb.
The full story.
I have bought elsewhere but the developer has offered a good premium if I can give him a 6 month followed by a 2 month option. The offer is for 650, 000.
I will need bridging finance and also pay upkeep of this place rates water repairs etc.
In his proposal he can walk away or go unconditional at any time. Further it…[Read more]