Serviceability issues?
wow that’s worrying at an auction. I always heard that the banks take the auction price as market value. Does this under value problem only affect...
Yes I agree. I want to set a limit before auction so we don’t get caught up in the frenzy. My issue was deciding on what that limit should be. But...
Ha! It’s be the first he’s gotten anything right lol
No over paying on a property. Yes I understand that ‘overpaying’ is also subjective Yea that is true. I’m putting more weight on the possibility...
Thank you for your advice @willair. That would be a scary situation. Currently the price we’ve set for this property is about $100k less than what...
Wow that’s crazy! In the space of 2 years. Although the market has been pretty crazy lately. That is a good point, paying more than you think it’s...
The risk of the outcome is that we wait for another property to come on the market which we like. Which also means paying rent until we buy....
I’ve been tracking this particular market for the past 3 months and for the past 2 weeks, prices have gone down. I will be buying now, just not...
Hi everyone, We are looking at bidding for a house next weekend. It’s a ppor and we plan to live here for about 10-15years before moving on. The...
How true is this? I am also tempted to make an offer for a house 2 weeks before the auction. The RA has said that the vendor are preferring to go...
Is it worth paying to lock in a rate in the current conditions? Would it change much from now until a few months time?
Thanks everyone for the insights, I had no idea. I’m in the market to buy a ppor so this is well timed information for me.
What happens if you do the final inspection and find an oven that doesn’t work or a broken widow? Who is liable for fixing these things? The...
Yes 4 does seem like a long time. But I feel that our circumstances wouldn’t change much in this duration to make it not worthwhile. But then I’m...
What sort of grief? I’m looking at buying another PPOR and planning to not move again for another 10 years. Would fixing it for the first 4 year...
Ahh got it! Thank you Lindsay for clarification
Thank you both for the information! Although Morgs said the same thing as Rolf, it is easier for me to understand when you show me breakdown of...
Thanks Rolf, yes I understand that I didn’t provide much information to really get any meaningful advice. Our plan is to make additional payments...
Chris, can you explain what you mean by paying a rate lock? Is this for the rate you would revert to when the fixed term is over?
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