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Option 3: Buy a 3BR HOUSE like these, and keep renting in the CBD :) http://www.realestate.com.au/property-house-vic-craigieburn-118079927 http://www.realestate.com.au/property-house-vic-craigieburn-116015563 The Y-man

Let's compare apples with apples (sort of) In both cases, let's look at a $250k property, with a 20% deposit (ie. borrow $200,000 at 5% pa interest) Option 1: Buy CBD pad. Pay $250 pw = loan repayments ($10k interets only) + outgoings ($3k pa) Option 2: An Epping 1BR: rent out for...

LSM, do keep in mind you can do similar to what we did - rent where you want to live, and invest elsewhere. In other words, keep renting a tiny studio in the city next door to work, but own and rent out a house on a decent block in the outer suburbs is an option you should keep in mind...

Correct - but you may still only get 80% max. The Y-man

Fair enough. So something like http://www.realestate.com.au/property-apartment-vic-melbourne-118855151 http://www.realestate.com.au/property-studio-vic-melbourne-118753495 As above, at sub 30 sqm, you'll need to have almost the full asking price as cash (assume no loan) The Y-man

As I said above, it may not worry you, but it WILL worry the banks - you may not be able to get a loan for it, so you need to have plenty of cash on hand. The Y-man

For pre-loved stuff and close in, maybe: http://www.realestate.com.au/property-unit-vic-maribyrnong-118633819 http://www.realestate.com.au/property-apartment-vic-maribyrnong-117817839 http://www.realestate.com.au/property-apartment-vic-maidstone-118688111 The Y-man

LSM, How about (again if you want brand new), something a bit further out? http://www.realestate.com.au/property-unit-vic-epping-117957879 Handy to transport, stuff all outgoing (owners corp will probably just be insurance for the common driveway - a few hundred bucks a year?) Bigger...

The managing company will ask for proof of enrollment from memory. Yep, finding the questions is *much* harder than getting the answers :) So here's some questions for you; - Will the bank lend me money for this purchase? For your Unilodge example above for example, MAYBE 60% of the pruchase...

There are tons of ads on re.com? :confused: http://www.realestate.com.au/project-royal+elizabeth-vic-melbourne-600004211 http://www.realestate.com.au/project-brady+group+vision-vic-melbourne-600002055 http://www.realestate.com.au/project-australis-vic-melbourne-600005971 etc etc etc ... Or...

Yes but, what do you think developers of new properties do to the sales price? :) Yes.... jack it up by $10k (at least) The Y-man

This does not compute............. :confused: For me, the MOST difficult purchase is a new one - they are the (almost the only) ones you can get duped in and lose money on....... The Y-man