All Topics / Help Needed! / Pros and cons with off the plan purchases

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  • Profile photo of Reno QueenReno Queen
    Participant
    @reno-queen
    Join Date: 2006
    Post Count: 62
    March 19, 2006 - 10:05 am

    Would like to get some information on the pros and cons of buying off the plan. Is one particular state in Australia better than another to buy etc.

    Regards
    Kate

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    March 19, 2006 - 12:27 pm

    During the boom people made money just by holding a long term contract on an OTP place.

    Some investors were left holding the baby and now have to settle at inflated prices.

    Be very careful and make sure you get an independent val if you pursue this path.

    Simon Macks
    Residential and Commercial Finance Broker
    ***NODOC @ 7.15% to 70% LVR***
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

Viewing 2 posts - 1 through 2 (of 2 total)

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