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Hi all, I met with another REA today who advised of a development in Bruce. It's a fairly large development - three blocks. Anyone heard of this? Also interested in any general views on a 1 bed apartment (large) for $350K. I'm worried this is a bit above market value, especially due to...

Thanks everyone :) Really useful advice. I'll continue to research the suburb and do my DD. Unfortunately as a FHB it's probably more important that they finish on time! Otherwise I lose my FHBG. I think the rules are the development must be completed by June 2011 (for the 14K grant)...

By the way a newbie question I've been meaning to ask: Can you negotiate the price of OTP properties? It seems that REAs just hand you a price list and expect you to pick the plan you like. For example, if I know that I am one of the first or last buyers of a unit in a development can I...

Thanks!! Really appreciate your thoughts. I can't believe the number of OTP developments at the moment! There's a few agents that seem to specialise in these. I've been given brochures for at least 7-8 in the inner north, inner south and Woden. The one I particularly like is in the...

Hi all, I'm a FHB and I've been reading your very useful advice on buying OTP. I understand that there are a lot of risks involved (e.g. changing financial situation post exchange and under purchase price valuation at settlement). However, I was wondering whether there could be some...