Hello, So I have a friend who brought a property off the plan then onsold it before settlement at a loss. Via a nominee in Victoria which is...
Although there is still no case law for the protections afforded under the sunset clause, there's been a good result for the buyers of an OTP...
I'm no fan of OTP, but I got a call today from an agent telling me they'e only got a few left in this complex of 90-odd townhouses (side note:...
Trying to figure out what direction to move forward. I basically purchased OTP 4 years ago to be my PPOR in a small development. Don't own any...
Hello PCers, Just thought I would share a couple of stories about the dangers of purchasing OTP apartments that happened days ago. My aunt and...
Hi all Wanted to get your thoughts for our first investment property. We are looking at purchasing a 2/2/1 new apartment OTP in a new...
Hello everybody, My OTP apartment is getting close to completion and the developer says the completion date will be on August. The settlement...
Hi guys, I have purchased an off the plan apartment. Contract exchanged. It is a two level ground floor apartment with a L-shaped court yard. It...
Hi all. So, the loan doc's turned up today for the latest purchase, and they're WRONG ! What I mean is that upon reading thru every single detail...
For those that have bought OTP Did you get much "say" in how your appartment/home was finished ? Were you given options on things like carpet,...
Leaking buildings, mould and court battles: The dark side of the apartment boom The Y-man
From The Age/SMH today. It's about how resales of OTP apartments have compared vs purchase and sale of existing apartments in the same markets....
Hi I have bought an Off the Plan 2-2-1 apartment in Preston VIC and need to rent it out after settlement. It should happen late this year. Does...
Crazy commissions ... Commission payments of up to15 per cent, free tickets to Adele concerts and luxury holidays to Greece are on offer to...
I generally steer clear of OTP apartments given the range of horror stories I have heard about and read, and understand the general consensus on...
Sussan Ley MP for Albury/Health Minister has has been asked for a please explain for buying an IP on the Gold Coast whilst on official business....
Hi all, I recently found property chat and I'm so grateful for all the great threads on here. I was wondering if there are any known (notorious)...
So for those that do not complete, OTP will remain new when passed to another, but not clear if this also applies to residents. Thousands of...
Scott Morrison eases limits on foreign buyers as apartment glut looms It feels like the treasurer is unsure of what to do. Where can we find...
Asking for a friend in NSW. Don't know much about the rules over there. His girlfriend already used her FHOG, lived there and rented her place...
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