thanks for your guys' opinions. looks like 10% deposit is a big risk. the other thing I'm worried about is do we have any oversupply problem in the city in a few years.
looking at http://www.skyscrapercity.com/showthread.php?t=1130541
and was told the L12-L18 apartments are on pre-sale now. ~$380k 1 bed and ~580k 2 beds+ a carpark. it could be completed by mid 2015!
should i buy one in this outstanding skycraper with taking a risk of 10% case on hold?
my question is how poor the CG of apart. is in Melb? thanks
how poor the CG estimated in Melb? 2% on small apartments for next a few yrs?
any comments?
positive you are. see more and more people moving in, the market would not be cooled down.
With the panic of facing recession, it’s harder to borrow money from banks. Rental market must be hot to a top in a few months later. But in my observation, a lot of IPs come out and wait to be sold...