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OTP isn’t evil, it works for some people due to stamp duty concessions and lower % of deposit required, but these are all priced into the final sale price + a couple years of CG and that sucks big time but OTP is not a rort. It does boggle the mind that OTP in aus is more expensive than...

Its OTP, there’s always a premium to pay in OTP. I bought a 1br 1bth 1car park apartment OTP for 480k. It’s a 2 level loft, 98sqm including balconies. Is it expensive? Yes. Did I overpay? Maybe. But it ticked all my boutique development boxes so I bought in. Rob. You did well if you got...

Which development did you buy into Rob? ILK?

Ahhh dang I though it was just get a sledgey and go nuts. I guess anything worth doing is hard... SY as in South Yarra.

I have 2 apartments in SY that need to be modernised. Want a more open plan style and let in some more natural light. They are both in old 70s brick blocks though, is that going to be harder to smash through? In the future though I’d love to try what you described. Mostly coz sub-diving land...

Wouldn’t that guy be getting comped suites at the casino? Or helicopter transfers? Anyway I see your point though mate. Just a quick question without derailing the thread. Are walls hard to remove? Non load bearing ones obviously. Thanks

I went to Society launch thing... man that thing was crap. 1br apartments were roughly 400k I think in 2008-09 (can’t remember the exact date) anyway the 1br apartments were pretty much studios. The bed was a fold out wardrobe thing and there was a curtain that you pull around the bed to create...

sweet burn. when was it sold for 500k?

G’day Booby, Is this the ILK apartments you are talking about? Or the other one on corner of Alexandra and chapel / church st where the car dealership is?