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Thanks Patsy! Sure did come a very long way from not knowing what an offset account was :eek: The SS community and Aaron_C have been key to building knowledge and even with that I made a few mistakes that I am sure won't arise again in IP2!

I would say no to this apartment as an investment mainly due the large body corporate fees associated as you've listed facilities such as gym, pool etc, However you will need evaluate the return from current rentals also as this may offset the body corporate costs...

Still looking.... the abundance of apartments within my price range is staggering. Hard to differentiate what is exactly a 'good deal' to the norm. Ramping up daily research with motivation to get off my lazy *** and purchase one :p

Thanks for the tip yorkiefish! Still looking very slowly... biding my time :)

Thanks for your advice zed_kid/Aaron_C. I really appreciate your insights :)

Hmm it is a new development. Will look be cautious with the discussions that are to go on about it, not in a rush to go into anything. Still looking for grounds to purchase an apartment over a unit/house....

Daly Street, 100m from chapel st. It's currently in exclusive offering atm

Thanks for the replies/suggestions I've set my sights on a 2BR apartment in South Yarra fetching approximately $550k Will let you all know how it goes :)

My preference to live in it is due to the benefits I get from the first home owners grant. Without it, it would be purely IP

Any particular growth areas that SS's would be happy to recommend for apartments in Melbourne?

Mainly looking for investment and a lifestyle change bonus for 6 months while I live in it. I'm sticking to the theory that if I want to live in it then it would be attractive for renters as well :) There hasn't been good feedback about docklands apartments. I am moreso looking towards...

Sorry can you please clarify on what SANF stands for? I tried googling to no avail :(

Great advice all round again. Will take it into account and let you all know how I end up :)

Thanks for your responses and clarifying offset accounts! A house in Blackburn, Burwood, Forest Hill, Thornbury or Preston would force me to increase my budget up to $600k. Now the question is, is it worth borrowing more to purchase that house or whether sticking with an apartment as a...

Hi all! I'm very new to the housing market however am extremely keen on moving out of home away from my parents for at least 6 months to take advantage of First home buyers grant and the independence in general. Now a bit of info about myself, suburbs of interest and budget before I get...