Hi all,
My friend wants to buy an apartment that's currently on sale in Richmond
http://www.aplacetolive.com.au/
The place is near ikea in Victoria Gardens (not a bad location, only 4km from the CBD)
A 2 bedroom apartment for approx 500k, in my opinion it's not worth it, being off the plan, not only there are risks involved with finance, also you don't know what you are really getting apart from what they advertise.
He believes that if he pays 50k now, price will go up in 3 years when the building is complete, I believe it is not worth the trouble.
Any suggestions?
My friend wants to buy an apartment that's currently on sale in Richmond
http://www.aplacetolive.com.au/
The place is near ikea in Victoria Gardens (not a bad location, only 4km from the CBD)
A 2 bedroom apartment for approx 500k, in my opinion it's not worth it, being off the plan, not only there are risks involved with finance, also you don't know what you are really getting apart from what they advertise.
He believes that if he pays 50k now, price will go up in 3 years when the building is complete, I believe it is not worth the trouble.
Any suggestions?