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Are you concerned about having no cooling off period? IO means you don't repay principle on the loan itself. Offset is to 'hold' extra money which results in less interest. LOC is used to 'withdraw' principle you've paid off. If you use IO and have an offset, you usually don't pay principle so...

That's why I actually quoted you correctly. I also thought auction contracts can't be amended, but I wasn't 100% sure, so I asked it as a question. I'm treating you like an adult. If I shouldn't, let me know. Look, there are sharks out there in the market. If you're the type to get 'crushed'...

For example, the fact that auction contracts usually can't be amended. Other things include the cooling off period. Is this waived for an auction contract? Will you have to sign the s66w certificate? Do you know what this means, and is that acceptable to you? What is your backup plan if, for...

Lancer doesn't know how much he doesn't know. That's a very dangerous situation to be in at an auction when a lot of the usual safeguards (time to think about it, contract conditions) aren't in place. If the auction is later this month, my opinion (I'll let you infer what 9000 posts means) is...

What, telling a newbie 'yes, I think you can add conditions to a contract at auction' is considered constructive or sensible?

That's what I thought. Lancer, there are a lot of things you don't know about the process. My suggestion would be to avoid auctions.

Can you add conditions to a contract for an auction property?