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Real Estate

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Dan D.
Dan D.
Maidstone, VIC
2 Likes
0 Followers

Hi

Submitted to 'Real Estate' page but also a 'Legal' question:

6 months ago I purchased a house off the plan. I negotiated a 5% deposit but will have to pay the remainder next month.

I recently enquired in the same development for a relative and realised that they are now selling the same property as mine for a significantly lower price, a large financial rebate, many added features thrown in for free and even a $12k gift card. Whilst it is not ideal, I'm considering the opportunity this may present. My question is - what are my legal rights in terms of selling before settlement or forfeiting the contract and then repurchasing in the same development with the new terms? If it is simply a matter of forfeiting my deposit, then I would still be significantly better off. Are there other ramifications which would stop people doing this? I take it they won't simply amend my contract.

Any advice would be much appreciated!
Dan

last week
Fae B.
Fae B.
Reservoir, VIC
1 Likes
0 Followers

Hello everyone. I'm a first homebuyer looking into buying an apartment before this year ends. I have requested a section 32 and contract of sale from the vendors of 2 apartments. I'm more interested with the 2-BR unit and would like to put an offer (although it is below the selling price). Do I need a conveyancer to review both contracts for the 2 apartments, or is it OK to put an informal offer for the first one, and if the vendor agrees, I'd have a conveyancer review the contract before I formally sign it?

last month
AK L.
AK L.
Melbourne, VIC
1 Likes
0 Followers

Hi, I am 30 and earn 87k pa. My boyfriend is 27 and doesn’t have an income (but will in the next few years). We have combined savings of around 150k.

My question is: what is our best move? Continue to save and put down a chunky deposit on a place in Perth (where we plan to live in a few years) and then use equity to buy an investment property or the reverse? Buy an investment property in the interim that I can service with my income. Orrrr start a share portfolio?

I’m feeling the opportunity cost of not doing anything right now.

6 months ago
Jared M.
Jared M.
Lane Cove, NSW
2 Likes
0 Followers

My brother, mother, and I want to purchase an investment property, but we were thinking to only take out the loan in mine and my brothers’ name. The plan was to occupy the property for 6 months so that we will be eligible for the first homebuyers grant (Mum would not be eligible as she has purchased property before). Can all three of our names still be on the deed for the property, if only 2 of our names are on the mortgage?

7 months ago
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