All Topics / General Property / How to get the inside story about a property?

Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of loverkaianloverkaian
    Member
    @loverkaian
    Join Date: 2005
    Post Count: 1

    I found a 1 room apartment in the city of Brisbane, it’s fully furnished with air-con but no kitchen. The selling price is under 100k which quite surprises me so I’m really suspicious about this, so can anyone give me advice how can I find out the truth about a property, like how can I know is there any hidden secret or danger behind this suspicious price? Thanks so much for your reply…….

    PS: yes, it’s a hotel unit! around $75k, you think this price ok for a hotel room?

    Profile photo of MichaelYardneyMichaelYardney
    Participant
    @michaelyardney
    Join Date: 2001
    Post Count: 616

    Be careful!!

    Most banks won’t lend for small apartments less than 5 squares in size

    Of course its cheap – no kitchen stear clear

    Michael Yardney
    METROPOLE PROPERTIES
    Author of Australia’s leading property e-magazine.
    Join over 10,000 readers each month.
    FREE subscription http://www.metropole.com.au

    Profile photo of woodsmanwoodsman
    Member
    @woodsman
    Join Date: 2004
    Post Count: 714

    Sounds like a hotel room….Move on…trust your instincts….next

    Profile photo of pfsfinancepfsfinance
    Member
    @pfsfinance
    Join Date: 2004
    Post Count: 171

    If its under 50sm2 and hasn’t got a kitchen, you will find it is virtually impossible to get finance for.

    Financial Wellbeing Coach
    W: http://www.pfsfinance.com.au
    E:[email protected]
    E:[email protected]

    Development Finance Specialist

    Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485

    ITS AIR CONDITIONED – thats good!!!

    cheers

    brahms
    CALL NOW…adults only (boys and girls ask mummy or daddy first) ~~ 1900 HOT BROKER ~~ (oh, did I mention the above phone number is a total fabrication of my fertile mind – oh come on, sometimes you just have to take SOMEONE else seriously!!!!

    Profile photo of Don NicolussiDon Nicolussi
    Participant
    @don
    Join Date: 2005
    Post Count: 1,086

    Think about your exit strategy. Who is going to want it when it is time to sell.
    .
    Good Luck.
    .

    Don Nicolussi | Property Fan
    Email Me | Phone Me

    Learning, having fun and doing it!

Viewing 6 posts - 1 through 6 (of 6 total)

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