Pretty much similar to what I experienced.. Mine was even worse..
I do advise you to look damaged walls around taps (especially laundry area); if you see any moisture buildups (paint peelings, small cracks, soaked rendering (worse case) are signs.. I had this issue and it turned out to be a leak...
It seems you've got it valuated independently.. Haven't you? (Or the bank was kind enough to give you a copy of their valuation?)
Either case, I'm curious whether you got to know exactly how much was their valuation? If so would you mind to share it with us? (I just needed to know how much...
Thanks for the update mate.. Remind me of my property when I bought it (It was similar, may be worse. LOL) I had to do a major renovation as it was my PROR.
Thanks a lot Paul.. That's great information.. (I think we've already met; haven't we?:) You were the one who advised me to buy from Forrestfield due to proposed re-zoning..)
Thanks for the detailed answer.. This makes perfect sense now.. You already have got sub dividable block even without proposed zoning which is why you're not worried. LOL (You should have mentioned this in the first place.. Ha ha..)
Anyways, my block is only R20 and just over 700 m2 so not...
I've got many question for you mate.. (Sorry for hijacking but I think these questions are more or less common for OP as well)
1) Don't you think you're risking too much to spend for building without a formal approval for zoning proposal? You seem to be 100% sure about zoning but how? (I've...
I also wanted to ask the same; my house also is in Forrestfield and is proposed to be rezoned 20/30 but I thought sub division is not possible until the proposed rezoning goes through. However I'd love to know that it's possible even beforehand so that I can start working now?
Just wondering...
Good luck with your offer..; Keep us updated mate.. I've noticed most of the other similar suburbs have been reduced in median price whereas Forrestfield has somehow managed to keep it stable. So very curious about 'putting an offer in Forrestfield market' compared to the rest.
Hi Michael,
Your story is truly inspiring...!! Can't thank you enough for being kind enough to share your experience with us..
Just bought PROR (my first home though this is more of an investment than PROR) and looking forward for IPs in near future.. I've got few questions and though you...
I would say just don't worry about it; just get it properly filled and compacted (will cost you less than one grand I suppose) because I have been told that ground water table of Forrestfield has been dropped to an extent that the old bores no longer give water anyway. (At least it was the case...
Look for neighborhood suburbs such as High Wycombe and Midvale as well.. I bought my first home in Forrestfield and my best friend couldn't secure a property after hunting for about two months (he was looking exactly what you're after, though it's his first home as well). Finally he settled with...