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Letiha copy a link to this SS thread over to PC and continue the conversation. I'm interested to follow the journey.

Oh.. my 2 favorite forumites both moving over to PC...

Omg.... Some people reckon I shouldn't say bad things about my mum and dad but... MLB sounds like my mum and dad...

Agree! Dont leave us hanging!

I dont think its a good time to buy residental property in Sydney in all honesty. The value is basically not there and you've basically missed the last boom phase. If however, you can find a massively undervalued property near the city by some freak of nature, buy it, but they are rare as hens...

Basically you still have the contract but if the buyer can just pull out, that would be unfair on you. Ask your solicitor but I guess as compensation you would get to keep the deposit (note, i'm not a legal person, so its only a guess on my part).

Hi Willster, Have you been on the new forum? There's a thread on there on this topic!

You had better get in contact with Sim.

I know.... So now I'm planning on buying a house in Brisbane on over 800sqm, near trains, with water views and that's cheaper than each of my vanilla flavoured, run of the mill IPs in Suburban Sydney, all in strata complexes too so there's not too much you can do externally to value add...

It mightnt be a great idea... I have a unit in a complex of 72, with 2 lifts. One of the lifts needed replacing 2 or 3 years ago and that cost $125k spilt between 72 owners. If you're ok with potentially having that amount shared by 20 owners, then by all means. Lifts also need ongoing...

Feels like i'm on the Titantic, as the good ship goes down, i'm staying on till the end...

Its an old post.... I followed up with the tenants, they sent me a long list of all the things the neighbour was doing, shocking stuff including threatening to killing some animals (by strangulation) in the front of the kids. I could post the whole letter on this forum to live forever... its a...

Thanks guys... Gunna miss Somersoft for sure :( So sad!!! Now this is a surprise to me, for sure. I learnt of this forum back around in 2007 (or a tad later) via Sim at a meetup event in Chatswood. This forum and the meetups have opened my eyes wide open to see whats possible. Many IPs later, I...

I heard someone say that they have a granny flat in the area of the school catchment and they have a tenant that only uses it for the address just so they could be in the school catchment! That was $300 a week a few years ago. I think the family doesnt live there.

Hi Scheept, welcome to the forum! That was a long post :) I was thinking, you do not have much deposit. If you are ready to invest, you could look into vendor financing, especially where the vendor finances your deposit. Your income is good, therefore you would have no issues on...

I'll second getting onto Mr Money Moustache. Read the blogs then get into the forum. It just goes to show you can find many ways to not waste or spend money stupidly.

Lol.... love this!! http://m.smh.com.au/comment/house-prices-is-the-ground-beginning-to-shift-at-last-20150611-ghla0f.html

Awesome post, awesome journey, good stuff and you're only 30? Kudos!

This whole thread has been about Bayside.....

I bought one because my previous tenants moved into the block, it was really close to trains (and the associated noise). When I asked them about train noise, they said it didn't bother them at all. So a bit later I saw this great undervalued property listed in the complex and I snatched it up...