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See http://www.somersoft.com/forums/showthread.php?t=59606 Cheers, The Y-man

Potentially 300 rental apartments to come on the market at the same time! Cheers, The Y-man

NOT diamonds - not an open market. You forgot REIT's as an option (commercial property trust) The Y-man

Well hey, with that cash you could always go out and buy (almost) a kilo of gold to hold onto for 2 years :D (this is NOT a recommedantion) Cheers, The Y-man

Then in my humble little book I class that market segment/location as "too hot" (i.e. overvalued) and I'd be looking elsewhere. I still believe bargains are where people aren't buying (even though all other things seem to stack up) Cheers, The Y-man

If the response is needed that urgently, WAIT. When the agent calls up saying it's your last chance, offer 20% below asking (tell them that's all you can get finacne for). The Y-man

Why not an established unit? 60 sqm is close to the size of an older 1BR. This is around 45 sqm 1BR and a lot cheaper... http://www.realestate.com.au/property-unit-vic-prahran-106384310?tm=1268953362&c=6109976&t=res (and your outgoings will be lower too) Or 2 BR complete with...

If you go ahead with this plan of action, make sure you have reserves to settle if the value of the apartment actually drops. Remeber that OTP contracts are unconditional so you need to make up any shortfall if the apartment doesn't come up to value. Also need to consider floor space to see how...