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Or when people are unable to settle as the banks have turned them down on their loans... The Y-man

The banks will promise everything but not necessarily deliver - as several people on this forum have discovered. Your loan will be subject to a final valuation on completion - so if it doesn't stack up, you need to come up with the difference. Be prepared to have enough cash to fund 40% of...

Other than possible rampant running costs, I believe your main risk is getting the financing. Cheers, The Y-man

On the current market - yes, you can probably ask for over $500 This is accross the road from the Vogue site. http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=404304549&f=0&p=10&t=ren&ty=&fmt=&header=&cc=&c=22014131&s=vic&tm=1262048111 $4k pa for BC sounds likely, but there'll probably...

To live in or rent out? It ticks all the wrong boxes as an IP: Lifts Pool Shops (may not be a residential zoning - affect LVR) Cheers, The Y-man