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well - maybe there is a clause u can exit the contract. i know someone who did that on the zen apartments in the city. There is no denying those apartments are going to get build once they sell a certain percentage. It's only a matter of time.

there are far better ways to invest than OTP in south yarra to chase a yield. Even putting a trade on a CFD in the last 2-3 days could have made anything btw 15-40K

i'm not saying OTP is evil - i myself did purchase one many many years ago when the prices were not super high. However - with the current prices at what it is now - and the average wage earner earning what he or she is - servicing the loan while maintaining sanity and lifestyle is going to be...

agree with u south yarra is great without a doubt or question it is a blue chip suburb undeniable. - however just OTP is a bit risky that's all.

1st - almost all sale in Sth Yarra are auction? i don't think you have been to that many inspections. 2nd Contemporary design - designers overcharge and think too highly of themselves - Unless you have poliform wardrobes imported from italy - most of may have had some design done in Aus and...

i dare wager 10K than a similar old apartment with renovation (ard 12-15K) will outperform that apartment in a few years time. It is of my opinion that OTP apartments do not peform and i attribute that to 10 years of going to inspections and auctions and having bought 15 apartments myself...

a property is only worth as much as buyer is willing to pay for. i could have my property valued at 1 million but could wait 3 years and not get an offer. Valuations are only to get extra equity out and not necessarily something that can be used to justify that a property could sell for that...

u can always request from the developer

nope they're existing. Zed -we're all here to make money but i can't really see the merits for OTP. how much capital growth could someone see in 1-2 years? but you're done pretty well for your age with ur portfolio.

if you buy 499K you can get a 2 bedroom 80+sqm 1 carpark 1 bath 379K can get you 70sqm 1 carpark and 1 bath.

the developer would sometimes hold carparks in which they sell on later on. or you could post your request to owners corp who would let residents know if they wish to swap or not.

have bought and sold my carpark as i wanted mine to be in the ground floor (sth melbourne)

OK without the carpark that is a bit high.

under 400K should be OK then. That is reasonable for a 1 bed with courtyard not cheap neither expensive. Many buildings - always put all sold out 70% sold out 90% sold out but they're all gimmicks just to tease you. They do it all the time to the overseas investors

rent guarantees are often built into the purchase price. Either way developer wins.

how much did you pay for your courtyard 1 bedder ?

it's not that hard if you know your way around it.

Brick walls are going to be needed to be have steel beams - gonna cost a bit to have that done. Actually apartments need council, drafters as well as dealing with the owners corporations. it ain't easy. Aren't you a melbourne person - SY i assume is in sydney.

Are you looking at one inner city unit zed?

Dunno - all i know is he got a penthouse. maybe he likes to have personal escorts or likes to keep to himself when he loses money. some people do prefer privacy. but beats me. Walls are not difficult majority of internal walls are non-load bearing within ur dwelling you can check it on the...