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  1. skater

    Have I made a mistake?

    Ah, so here we get to the route of the problem! THEY HAVE A VESTED INTEREST! Key points that they mentioned to me: - It is not the right time for Penrith, they advise me to buy in Penrith in 2020 Rediculous! Do they have a crystal ball? - Buying in Penrith will result in high vacancies...
  2. skater

    Have I made a mistake?

    Just one more thing from me...... Back in the early days when we bought our first IP we were really excited and told our family what we'd done. We didn't get any negative responses (I think we were older than you are now), but did get several congratulations. Then we got No2. The...
  3. skater

    Have I made a mistake?

    Rental guarantees are worthless. It's easy to give a rental guarantee when you inflate the sales price. To be honest, yes, you can make money with off the plan, but the majority of spruikers are nothing more than slimey snakeoil sales people with the gift of the gab. Personally, I'd run as...
  4. skater

    Have I made a mistake?

    Has she heard of decentralisation? Seriously, you need to let her know that this is your decision alone, and it has nothing to do with her friends.
  5. skater

    Have I made a mistake?

    Where did you get that from? I'm 20 mins from Penrith station, and I live all the way at St Clair. Your unit would be 10 min tops, with traffic. If those are her only concerns, then she should be happy with your decision. Except for the Cap growth comment. It's best if they haven't...
  6. skater

    Have I made a mistake?

    What you are experiencing is buyers remorse. Who gives a flying fig what your Mum's friends think. Are they successful investors? I'd bet my bottom dollar they aren't. Although I'm relatively close by, I haven't been following the unit market in this area, but like Westminster says, on the...
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