Initial & final best offer strategy

[ZachAnSel]

Its your PPOR anyway mate, so it's not that big a deal if you over paid, as long as you love the place and will be happy to live there for some time.

Doubt that simtr, imagine you purchase 700k. Bank val is 650k, then next year market slow down. The same house around 600k.
You not only lose the money on paper, but time and opportunity to reinvest the equity

Regardless its ppor or ip, you make money when you buy.

 

[S.T]

Doubt that simtr, imagine you purchase 700k. Bank val is 650k, then next year market slow down. The same house around 600k.
You not only lose the money on paper, but time and opportunity to reinvest the equity

Regardless its ppor or ip, you make money when you buy.

My point is a PPOR is an emotional purchase, a place you're going to reside in and it should tick all of your criteria for living there, with price a lower priority.

I don't see a PPOR as an investment as it generates me no income.