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I bought a one bedroom unit in kingsville, victoria (private sale). Thanks for all the help from people on here whenever ive asked questions, its been a fantastic support network and its really helped me out :) 8 weeks till settlement, pretty excited..

So just deciding which home loan option is best. I understand with an offset account you are able to pay off the principle sooner as you are paying interest on the balance in your account. For a first IP have people on here tended to go for a offset account with a higher interest rate? Thanks in...

Is it common for oldish units (70s) to only have electrical appliances and no gas connection? As long as there is heating, and an electrical oven, is there any huge disadvantages to this

When working out the size of the unit/apartment purchasing, if there is a car park on title, does this add to the size of the property? Example, bank needs property to be at least 50 square meters, Unit is 45 square meters, car park 10 square meters, does this mean its 55square meters or car...

If i were to make an offer for a private property, and the owner asks what length of settlement i am asking, do i kneed to contact the bank to check with them that a shorter settlement is ok, or can i decide myself?

I'm wondering if i can gather some peoples opinions on a situation i'm in. Looking at buying a one bedder, and have 2 i'm interested in both similar size, both on same street at similar price, but unsure which is the better option. Unit 1- Open plan, no balcony, 15 minute walk to station...

What are peoples thoughts on the following in terms of one bedroom units -Open plan living vs seperate kitchen room -Balcony (ie. how much extra would this add to a property in terms of $$) -City views from inside apartment compared to city views from balcony Note both would be over 50m2...

Hey i posted this on another board, but feel it may get more exposure on this board so im re-posting here :p Whilst inspecting a unit at an OFI a week or so ago, i was approached by a middle aged lady asking me what i thought the property was worth, i was a little bemused and asked her...

Hi all, whilst inspecting a unit at an OFI a week or so ago, i was approached by a middle aged lady asking me what i thought the property was worth, i was a little bemused and asked her reasoning and she explained she owned a unit on the same road and was looking at selling soon and would...

Just after some peoples experiences of properties which have sold at auction for well above the 'estimated quote'. I'm looking at a property quoted at $230,000-$250,000 and am afraid it could possibly get over $300,000. I saw a property quoted at $200,00-$225,000 that sold for $280,000. I know...

Hi, i am wondering what peoples thoughts are on how close a 1 bedroom unit should be to a train station. Even if the unit complex has a car space title, are there any schools of thought on how close you generally want to be, as i presume many people looking to rent a 1 bedroom unit would want to...

Ok so I've read Michael yardneys book on the importance of capital growth & how it gives you the ability to buy more property by using the equity gained in your original property. A friend of mine told me in his experiences things have changed a bit now and banks may not rely soley on the...

I'm looking at buying my first IP at the age of 26. A lot of people tell me you should always start low in investing, so as to get the hang of it first. However the property im looking at is around $350,000. What are people's experience in buying their first IP? Do you really need to start low...

Hi all im new here, have been reading the forum for a while and love this site. I'd really appreciate some peoples opinions on Seddon. Im looking at getting my first IP in the western suburbs of Melbourne, and Seddon is an area i'm interested in. I am hoping to get a 2 bedroom apartment in the...