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I'm a little confused and hopefully someone can point me in the right direction or confirm the obvious. From all the research I've done the prices for Footscray have & are increasing, yet properties I've looked at have sold for more in the past than what they're asking now :confused...

Like this? http://www.domain.com.au/property/sold/apartment-unit-flat/vic/north-melbourne/?adid=2011959042&sp=1

I have a feeling I'm going to get the "stay away" response in bulk, but I'll ask the question anyway; I'm looking at purchasing an apartment that is 11 years old as an IP, during the inspection I noticed that one of the power points was covered with tape - I asked the REA about it to which he...

If anyone has ever been there you wouldn't stop for petrol, my general advice is to go around it.:p Quite an eye opener.

Just thought I'd post this up, I found it fairly interesting that unit prices in Maribyrnong have declined over past 5 years - I'm guessing this has something to do with oversupply?

Thanks for the responses guys.

Thanks Ivan, have updated the links.

Interested in people's opinions around 2/3br apartments towards the centre of Footscray as an IP? Something along the lines of; http://www.domain.com.au/property/for-sale/apartment-unit-flat/vic/footscray/?adid=2011782372...

Whilst on the Footscray discussion; What are people's thoughts around 2/3br apartments towards the centre of Footscray as an IP? Something along the lines of; http://www.domain.com.au/property/for-sale/apartment-unit-flat/vic/footscray/?adid=2011948360...

You couldn't buy the microwave for that price :D

I am potentially looking at purchasing a unit/apartment as an IP, this particular property has a body corp. I've been told that body corp generally incorporates some sort of insurance that covers the building and that I won't require "full" insurance per your average suburban house. I presume...

I am looking for my first IP, price range would be sub $350k. I have a decent deposit & am looking at something that will essentially be cash flow neutral & relatively simple to manage. I have been recently looking at units/apartments in Maribyrnong, predominantly around the Wests rd area. I'd...

I've been doing my figures and looking at alternative means of finance, I've been stumped by some of the online repayment calculators finance companies provide. Loan amount is for $240k Loan term is 25 years Repayments made weekly Bank of Melbourne: 4.65% Minimum repayments: $312.33 per...

I'm currently looking at an OTP purchase intially for an investment that will eventually become my PPOR. The contract had a special condition which has me worried. Is this excessive? Either party may by notice given to the other end this contract if the Plan of Subdivision is not registered...

I'm currently looking at building a townhouse that will initially be an investment but I plan to move in at a later stage. I've been told that evap/refrig cooling & ducted heating may not be possible/inefficient in a triple storey. Does anyone have any experience with this or can anyone shed...

I've read through here regarding the issues with St George and offsetting interests, is any able to elaborate the issue to a simpleton like myself? Are there still IO issues with St George/Bank Of Melbourne's? Thanks :)

I'm looking at purchasing my first IP and have been interested in Kealba. I know the area fairly well and can honestly say it isn't the most attractable place but does look to be in a good location. Does anyone have any feedback in relation to Kealba? Some things that arise in my mind...

I've been reading over the pro's and con's of buying off the plan, well... mainly cons. How different is buying off the plan compared to an existing property? Being pre-approved, when do I need to get the bank & conveyancer involved? I'm after more of a guide.. Get pre-approval Draw...

Thanks for the responses, great replies. Given this will be my first property and I won't be claiming what's left of the FHOG, how would I go about calculating stamp duty on a $500k OTP purchase?

Thanks for the reply guys, nhg, - there were a few sources (i'll dig through my emails). Doesn't this defeat the whole purpose of buying off the plan in the first instance? The Y-man - It will be a rent out property initially but my goal is to eventually live in it one day (at least at...