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I'd just proceed with the purchase if that is your only concern. ANY property could sit there for the next 7 years with no growth (depending on global factors). You said you knew the market prices. You did DD on the area. If the valuer says its worth $400K I'd just buy it. By the look of the...

Sorry here's the graph

We crossed over in posting - but see my previous post - they are almost exactly the same. Ain't necessarily so - as the song goes ;) See attached graph of CG for Ivanhoe - houses did better than unit last couple of years - but this is not always the case. You just need to sit down over the...

Excellent No issues with that at all Well this is 'buyers remorse' settin in. :) Long term CG trend: Units in Ivanhoe: 11.56% Houses in Fawkner: 11.75% ...............coin toss :p Rental yield: Units in Ivanhoe: 4.1% Houses in Fawkner: ?% (APM) Rental vacancy: Ivanhoe: 4.8% :eek...

Well only you know your own financial ability / income etc. Fawker is 30 minutes away from where you are purchasing in Ivanhoe. Completely different demographic etc. It is tru that as interest rates approach 5 - 6% and rental yield 5 - 6% with depreciation you can have a cash flow neutral...

By approved. I take it to mean pre-approved subject to valuation being done on the property you want to purchase? You might be getting a bit 'conflicted' as you put it. Perhaps this is because you did not actually do enough research into what you wanted to buy, how much cash out of your own...

OK - so I take it you only have $40K available? + some left over for legals. No stamp duty payable. You also using the FHB grant? edit: maybe can you make it simplier for me? how much cash saved by you? how much from Vic state govt giving you? how much from feds? = how much cash available for...

No, no....... You have 10% deposit OK = $40K You are borrowing (or trying to) 90% x $400K = $360K Example again, if valuer says worth = $380K then bank lends 90% of $380K = $342K You need deposit = $400K - $342K = $58K Same Q: Do you have that? (in the event valuer says its is worth...

OK, one question at a time. Borrowing 80% on a $400K property means you need to have a deposit of 20% x $400K = $80K. Let's assume you have $80K saved up in cash someplace. So the LVR (loan to valuation ratio = 320K/400K = 80% LVR). So lets say the bank's valuer goes out there on Tuesday and...

Hi reality_22, Congratulations on your desire to enter the market :) I think you might be suffering a big dose of buyer's remorse - it is pretty normal to feel that way - especially on a first purchase. Unfortunately you are competeing with all the other FHB's out there in the sub $500K space...