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Well in that case you should definitely give AII all your money.

Seriously mate - you have to understand that "quite convenient" can be "quite expensive". Buying toilet paper from a "convenience store" costs more than Coles for a reason.

Its no different than walking into a Holden dealership and telling the salesperson "I have no idea about cars, help me find a car that is right for me." I guarantee you that the salesperson will find a Holden that is "right" for you - even if you would have been far better off with a Toyota...

Yes its a standard technique used by many. Get reading this forum - dont buy anything til you have done your research.

If you buy an established dwelling (say 3 - 5 years old) you dont go through the initial depreciation or the hassle of building but your repairs are limited because it is a mostly new dwelling and you still get good tax depreciation. Best of both worlds in my book.

MrMako We can help you (but only if you let us). This is what you need to do. Tell us what your budget is and what your investment goals are for this property. If you are not sure what your investment goals should be then we can start off by talking about that. We can then post deals...

Does the prospect of paying $350k for something that is only worth about $290k sound good? If so - go right ahead. Knock yourself out.

I think it highly unlikely that the operator of a dodgy property investment company would have the chutzpah to join an internet forum to spruik their own product. That would never happen in real life.

Gools Thank you for taking 10 minutes to do some minimal research to demonstrate what a crap deal this is.

You didnt answer the question - you just said what the asking price on a similar project was (which may or may not have any relationship to the actual sale price - secret "discounts" are common). What makes you think that the particular property they are trying to sell you is worth the asking...

And what exactly is it that makes you think this place is *worth* $350k?

Colliers International? Lol probably - last time I spoke with them they tried to sell me an OTP ski chalet in Nagano Japan as an investment. Its hard to take them seriously when they dole out such tripe. *Edit* sorry that was Coldwell Banker not Colliers International.

Yah I think.

Haha I just found out that Henry Kaye's outfit was called the National Investment Institute. Here is a big hint: anything with the word "institute" in the name is BS.

I dont suppose you happened to sign up for finance through Odyssey as part of that process?

Anyone that puts institute in their name gets a raspberry from me.