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Thanks for the reply MTR. I've also started using Boomtown (http://hotspotcentral.com.au/) as a tool to shortlist suburbs. Obviously its never going to be an exact science, but the more data you can access, the better.

Yeah i agree, I dont like the changes at all. I used the supply/demand trend data to see if a suburb was worth looking into further. Are there any other alternate websites/sources of data that have the same functionality?

I read this article with interest as I have also read John Lindeman's book (Mastering the Australian Housing market). I think tracking the listings/sales ratio is a really good way to start shortlisting potential suburbs for further analysis. I was using the realestate.com suburb profiles to...

Hi cimbom, I actually came across your thread while searching for advice. Good to see you got your deposit back! :)

Yeah i definitely will. Please send me a PM if you know of any solicitors that can assist.

Hi Alex, If given the choice to NOT settle, we'd take it. I guess that's what we are trying to figure out. All throughout the conversation he kept reiterating that "you must settle".

Sorry, typo, i meant to type "sell" :eek:

They mentioned that it was supposed to be 8 floors but they have reduced it to 5 (probably because they couldnt see them all). So you think that we should just wait for the sunset clause to expire and then get the deposit back?

The solicitor we spoke to was going to send them a letter asking for the deposit back, as she believed that basically the project is delayed and that is why they wanted her to sign another contract. But she has been busy and hasn't gotten around to doing so yet. I had a look at their website...

I would say NO to both questions.

Hi everyone, I have a question regarding my partner's OTP purchase. The contracts were signed in July 2011, with a 42 month sunset clause. Last month the developer called my partner and wanted to speak to her face to face regarding the apartment she purchased. I decided that I would go...

Haha, tell me about it. It's like we are still in winter. :(

I was looking to invest in Brisbane as I felt Melbourne was too hot. I spoke to a BA who told me that most of the properties he deals with have been sold within a week with multiple offers. Still a good time to buy up there? :confused: Or am I being too picky?

Been busy last few days, was going to ask what the sale price was. That is ridiculous! Thanks for the info Jake.

Hi Bombtrack, Yeah I totally agree with this. Only looking for 2 bedroom apartments, unless there is a big one bedder on the market. I've started focussing more on villa units with outdoor space which means I have to go further out of the CBD in order to enter at my price point. I had a...

Income is only $50k. What would you guys do in my position? I have a lot of ideas but am unable to make a concrete decision :confused:

Thanks again for your responses everyone. Any opinions on an apartment in the inner city vs a house in the eastern suburbs? With the new Eastland development and train/bus station upgrade happening in Ringwood, would that be a good place to look for a house with potential for subdivision...

I meant I have $500k cash, but was intending to purchase a $450k property putting down a 20% deposit and borrowing the rest. I'd like to get cashflow positive, but I guess I'd have to go regional, which means I cant get to know the area as well as I can if I started out locally.

norwoodman: I guess if/when things go wrong then its easier to address those issues if you are reasonably close by. Also, if i was to buy interstate, it would take more time to get to know the area properly. HD_ACE: No PPOR, no other debts (just credit cards which i pay on time etc)...

Sorry, I meant to say that I would be putting down 20% and borrowing the rest for my first purchase. And then would be looking to buy IPs further down the track. Obviously my strategy is to have passive income, which would indicate that I should be focusing on cashflow positive property...