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I agree with Lake. Those numbers are awful. If its that negatively geared you would want to be 150% sure you would enjoy enough growth to offset it plus some! If that was all I could find I would just keep saving. In this market there are plenty of opportunities to buy undermarket so buying...

From my own observation and talking to others the slow down seems accross the board with auctions with less interest, at times no bidding at all, properties just taking a lot lot longer to sell, and as observed on this forum properties failing to sell so being taken off the market and being...

Have any cottages sold under $500K of late? Definitely $500 plus (where did that agent get $400K from ???) Mif 500's likely, high 500's if everyone loses their head. (ot the top 2 bidders) Location is not that fab from my perspective and it is timber and in need of make over BT you could...

Why did you not buy it???

Well done! Was it an auction? Private sale? That sounds mighy cheap to me!

Tried to help a friend buy at auction on Saturday. Advertised at $525 plus. They had limit of $620K Agent thought it might get near $600K. Went for 675K after furious bidding between 7 people. And it only had two bedrooms. Ahhhhhh So the Northcote prices have now moved to Thornbury.