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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...

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...

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...

I'm looking at an OTP property which is in the 3rd (last) stage of being built, the first stage hasn't begun yet so there may be a considerable amount of time before the 3rd stage begins, but I'm wanting to get in early as this suburb was identified as a medium - long term growth area. Being...

Looking for my first IP, have been looking and reading for a long time, spending sub $450k. Am looking in the long term and wanting to to create a portfolio of properties & build up equity. These three options seem to have stuck with me; can I grab some opinions? Caroline Springs - 4br...

I've been reading through the pages of threads on Docklands Vic, I've noticed there's quite a few properties around the $500k mark that are somewhat targeted towards investors (Chinese investors perhaps???). The first listed appears to be rented for $520pw (no mention of this being a Quest...

Is anybody on here particularly knowledgeable on units on North Melbourne? I've always had my eye on the area & interested but have been scared off by the "quest" & "investment only" options out there along with the large amount of a rental properties available at any one time. Are there good &...

So I've been getting the usual questions by REA of "what's your price range", how does one new to the buying scenario go about answering this question?

I've been told a few stories over the past couple of days of people that have paid good money for pre-purchase inspections to be done with some companies not even bothering to turn up & others doing such a rushed job they failed to even notice that the basic utilities were not connected. Are...

Needing a conveyancer for my first IP (also my first buy), who has the time to go through things & has patience with someone who has little experience in the process of buying. Located NW suburbs of Melbourne, any recommendations? Thanks, :)

Hi all, Long time reader, not a big poster. I'm a young lad going into my first property which will be an IP (what a surprise!) & I unfortunately don't have anybody guiding me through the process. So far I've inspected a few properties and finally found one that I'm interested in, I...

First time poster but have been reading for some time now, Currently looking at my first IP in Bacchus Marsh (something cheap and affordable under $300k) that I can fork money into and build some equity. For those that don't know Bacchus Marsh is approx 50km west of Melbourne with a...