Can't afford land? Build on water instead....

Discussion in 'What to buy' started by Gockie, 16th May, 2017.

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  1. Gockie

    Gockie Life is good ☺️ Premium Member

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    Gockie, 16th May, 2017
    #1
  2. Scott No Mates

    Scott No Mates Well-Known Member

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    Brilliant concept but building on waterfront land doesn't come cheap. Building on Sydney waterfront is no cheaper, just ask James Packer and his little casino at Barangaroo.
     
    Scott No Mates, 16th May, 2017
    #2
  3. teetotal

    teetotal Well-Known Member

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    In other words, get a houseboat !!
     
    teetotal, 16th May, 2017
    #3
  4. JacM

    JacM VIC Buyer's Agent - Melbourne, Geelong, Ballarat Business Member

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    I get seasick !
     
    JacM, 16th May, 2017
    #4
  5. hash_investor

    hash_investor Well-Known Member

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    <typicalSydney>
    I want to buy in barangaroo too but there is not enough land there anymore. I don't want to buy anywhere else.
    </typicalSydney>
     
    hash_investor, 16th May, 2017
    #5
    Scott No Mates likes this.
  6. Phase2

    Phase2 Well-Known Member

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    Test your LVR when you tell the bank you want to buy a boat..
    Bank: "Of course sir, we offer personal secured loans up to $50k at 8%pa."
    Me: "But.. my boat will cost at least $300k".
    Bank: "No problem. If you can come up with the $250k, we can lend you the extra $50k that you need to buy your boat. Good luck!"
     
    Phase2, 16th May, 2017
    #6
    MoneyMan likes this.