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The sooner people realise this is becoming the reality, the better.

Unwilling to show their ability to complete hmm and the figure is $40k. This bloke must've bought it using equity from somewhere and IO for all these years.... What a headache.

Thanks for your comments :) Not sure if I've overpaid but I got a funny feeling the rent is below market - $200pw at the moment and I'm inclined to change PM as the current one sounded like a mess. All up in the air at the moment till the vendor confirm they can sort out the shortfall....

Checking the shortfall now, if it's substantial then I'll walk. I said to the agent I don't want to throw money into B&P and engaging a conveyancer if the likelihood of this going ahead is slim. Would've been nice if this was disclosed up front not until I see the contract...

Yep. I think this may or may not be related to your vendor finance request... They want bulk cash is my understanding.

The vendor accepted my offer on this: http://www.realestate.com.au/property-house-sa-smithfield+plains-119196799 Now I'm getting cold feet...

Just checked with Scott at 1836, well I've got plenty of time to get the B&P done so back to calling BPI... Well the fun begins, there's also a clause in there the vendor has a shortfall between the price and mortgage and if they can't get the $$$$ sorted then see ya.

Called BPI, they aren't available till next Tuesday but the clock has started ticking. Any other B&P recommendations? Back to the documentation side, I've signed/initialed the contract and Form 1, now what? Send it over to the conveyancer? Didn't know someone else will accept my...

Still asking me to bump up my offer. His response "don't you want to make a lot of money?" Pass.

I've got a call from them as soon as the tender closed. Hmm perhaps they're trying to get more buyers playing each other off despite it's supposed to be best and final offer :confused:

Decided not to go any higher. Don't need any possible headaches at the moment.

Submitted an offer for $490k, got told there are higher offers. Nah won't go any higher especially all the sales bloke can guarantee is $650 in rent tops and mould problems make it even less attractive.

What do you guys reckon of this pair? http://www.realestate.com.au/property-house-sa-elizabeth+grove-119854405 http://www.salisburyprofessionals.com.au/real-estate/property/794455/for-sale/house/sa/elizabeth-grove-5112/14-murphy-street/ And the one behind it...

If I do something like partitioning half of my house off, add a separate entrance and effectively making it as if there is a separate residence within an established home, is a DA required? Going to share the same meters for electricity and water. Or am I be better off plonking a granny's...

Check out Costco, not sure if they've got them in Melbourne but some $100ish Hansgrohe stuff have appeared at stores in Sydney.

Has the horse bolted in Frankston yet?

Need something to house the outlaws at a reasonable distance from where I am. Anything near where I am is at least another $200k and the yield would be high 2's at best.

Oops must've deleted that part by accident. Need to find a place to house the outlaws. It's probably in the space of 12 months, what was a high 300's property is now nudging 500k hence the bitter part.

The horse has bolted there as well. Ruse/Raby/St Andrews/Leumeah/Woodbine easily gone up 10% in the space of 2 months...still kicking myself for not delaying my overseas trip now I've gotta find an extra 50k from somewhere to buy something there.

Feeling absolutely stoked my PPOR and IP's in Sydney have climbed a fair bit in recent times but bitter about prices have gone absolutely bonkers at the same time. Anyone else share the same sentiment?