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Just an update on this purchase. It didnt work out.. VCAT ordered a change to the plan as the second bedroom didn't have access to natural light so they turned it into a 1 bedroom plus study (the living area was made slightly larger) and only offered a 20K discount. As this was a material...

Yeah thanks for the info!! Yep its too late like I said I will post in a few years and we will see! The Developers reputuation is at stake I dont think it will work out like your experience but then again I wont know until its finished!! Ahh the joys of buying off the plan.

Ok so to resurect this old thread. Ive taken the plunge here and I have purchased. We will see in a couple of years what happens. Im confident Im goin to be ok with this project, the location is excellent and St Kilda does not have a huge amount of new stock coming on the market.

Ok Y- Man you got me yes I meant Low "Vacancy Rates" No Problem!

To the y man I was just trying to state my logic for purchasing in that area with my comment in regards to low occupancy rates. No need to be sarcastic

Hi everyone thanks for the replies still thinking it all through. Pretty sold on these apartments at the moment. 161 fitzroy St kilda hard location to beat understand the risks. I don't have enough cash to buy existing right now wish I did. I see this as a good way to save more in the meantime...

So what you are saying is that it is overpriced in today's market? You maybe right but it can't be overpriced by much. Tell me where you can find something simlilar in that location new for that price? There maybe other apartments around but I believe the location on this one is excellent...

I'm not trying to be the sales agent here but 545 is not that excessive for a brand new apartment in that location at today's prices in my opinion so why wouldn't there be some capital growth?

Hi yes I agree 62internal and 8 external is small but it will be brand new and in a better location than in the cbd fitzroy St St kilda in my opinion is a much better place to live for a young professional than actually in the cbd. I suppose the potential capital growth over the next two years...

Ok have some more info on halo. Looking at a 2 beddder 1 bath 1 carpark 62 internal 8 balcony for around 545k with some views over fitzroy St north facing low body Corp around $2000 per year completion late 2012 any thoughts ??

Yeah 786 is way more than I want to spend I know that size and views would come into pricing but what would be a reasonable price for a 2 bedder 1 bath with parking for St Kilda any ideas? Any thoughts on future capital growth?

Hi I am new to this forum and looking at buying my first IP. What do you all think about off the plan in St Kilda I have seen the Maxx apartments (cnr alma and st kilda rd) which I believe remaining 2 Bedders are around $786k upwards I have no idea about size but seems very expensive.. Im...