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  1. J

    Advice Needed

    I tried that a few days after i exercised the cooling off, through the agent, and the vendor said they no longer wanted to sell. I couldn't get more information than that out of the agent. If the property is off the market, then surely the vendor can sell it privately? Perhaps a certain...
  2. J

    Advice Needed

    Yes, it is zoned 'City Zone' which allows resi and commercial use. Are you saying that because the zoning allows both, even though the 'current approved use' is commercial, that alone shouldn't be prohibitive to purchasing it from a lending perspective? My bank lender had concerns over it. I...
  3. J

    Advice Needed

    I would use it as residential. I thought it was perfectly reasonable to request the contract be made subject to council approval, given that it was advertised as a residential property only, and the agent had told me on multiple occasions, despite my doubts, that it was approved for...
  4. J

    Advice Needed

    It isn't commercially zoned. It's a very unique property located in the CBD, with a mixed zoning that allows for commercial/residential/retail etc. use. I guess a further question is how difficult is it to get the approved use changed from commercial to residential? The zoning allows...
  5. J

    Advice Needed

    Hi Guys, Sorry in advance for the long story! A a couple months ago I was looking at this property up for auction. In my head I had valued it about 750k, it went to auction (which I didn't attend) highest bid was 550k and it was passed it. Following the auction I approached the agent and...
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