Recent content by lccorp1997

I like to look at it this way. If the property is really that great, 5K will be a drop in the pond in the long run.

One thing about these mainland chinese. There are rumours (just rumours!) floating around that some are corrupt government officials using Australian property as a vehicle for money laundering, stashing ill gotten assets outside the reach of the Chinese government. That would somewhat explain...

Hi there, From the vendor's intention to upgrade, the property sounds like an apartment in an inner city suburb. I made a successful bid for one of those before auction about 2-3 weeks ago, so here's my feedback. Hope it helps. My offer will be based on flexible settlement, minimum 60 days...

if they are offering student accomodation i would personally not go for it. there are many downsides to these including mediocre capital growth and the ability to get finance, as others have already mentioned. sure you might minimize tax from depreciation claims since these are new, but...

dob him in if you know his new landlord, in fact dob him in to all the local agents (if its a regional town there shouldn't be too many)

Its starting already. Prices are continuing to rise as compared to 3-4 weeks ago. Getting near impossible to get a 1BR for less than 300K in the inner city suburbs.

Thanks Y man for the quick response. I'll definitely take a discreet stroll around that project with your comments in mind. long term CG is not so important to me for this particular purchase since I plan to draw out most of the equity into a proper IP with CG potential, once I can actually...

Oh two more things. 1) Since I don't need finance for this, it doesn't matter that much to me if the project is delayed or something crops up during construction (as is often the case with off the plan developments). 2) Anyone has any comments (good or bad) about the developers?

Hi all, Would love all your comments and experience on this. I'm currently considering purchasing off the plan 1BR in this development for owner occupation. Its 7 stories high with a total of 77 units. Their webpage is at www.ecosquare.com.au The brochure says its "student living"...