Recent content by AdRock

  1. AdRock

    Measuring up a double story apartment for finance

    Thanks a lot guys :) Interesting, I spoke with NAB and they ARE happy to include the courtyard as part of the apartment size. It seems that almost every "rule" I read about when it comes to property seems like it has exceptions. I've read 100 times that you shouldn't include courtyard or...
  2. AdRock

    Measuring up a double story apartment for finance

    Thanks for all the info. Hey Aaron, the apartment is in a nice area of St Kilda, VIC, so hopefully the lender will look favourably upon it. Unfortunately the property is selling at auction. So I'm assuming the lender won't bother sending out a valuer until it has actually been purchased. Mick...
  3. AdRock

    Measuring up a double story apartment for finance

    Hi everyone. I've found an interesting 2 storey 1BR apartment, with courtyard and lock-up garage. However, after measuring it all up, I'm still a little unsure as to whether it hits the 50m2 mark necessary for finance. What I'm unsure about is what to include in my measurements to make sure...
  4. AdRock

    domain.com.au prices!

    It seems like spatial discrimination but I notice that on the Products & Pricing page (http://selfservice.domain.com.au/public/products.aspx) they note that, "...prices are dependant on suburb location." I haven't investigated fully, but I assume from this that rural areas (and maybe outer...
  5. AdRock

    What happens when high-rise buildings get old?

    I was shown through an apartment in Elwood today, on the top floor of a three storey 60's block. The REA had mentioned the parking, the outlook, the aspect, etc. over the phone, but seemed to have neglected to mention the "minor" subsiding in one corner of the building. (For those who don't know...
  6. AdRock

    Buying an apartment block as a group...not a JV or Syndicate.

    You could well be right Myla. And it could turn out that after all the legal fees and effort involved, we never really had a realistic chance of affording the property in the first place. As far as development on the site goes, I'll be interested to see when the Section32 comes out whether...
  7. AdRock

    Buying an apartment block as a group...not a JV or Syndicate.

    Thanks GSJ. Yes, the point is to hopefully get into a great apartment in a great street at a reduced price. In the last six to eight months a basic 2BR deco apartment with carpark in this area has increased from about $390k to about $440k. Speaking to the agent for this property it seems that...
  8. AdRock

    Buying an apartment block as a group...not a JV or Syndicate.

    Recently, a block of apartments has come on the market in a great area of Elwood. The block consists of six apartments and is going to auction as a single lot. This is my first foray into the world of IP's and needless to say, I am unable to afford the block in its entirety, but I was wondering...
  9. AdRock

    Dillema! What would you do in my shoes?

    Long time listener, first time caller :) Hi TK, I'm in the same boat - except that I'm heading to Copenhagen soon... I've been trying to purchase an IP before I go, but having difficulty with the current market in Melbourne. If you're okay with letting your fiance deal with the OFI's...
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