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Real Estate

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riley b.
riley b.
Bethanga, VIC
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How should I approach future investments?
i am planning my future, and i wish to go to university in the summer of 2020. if i can save up enough money in my first 2 years i am wondering whether i should invest that money into a real estate property that i will live in, or just invest into stocks and build a larger deposit to invest later in life.

the property i am interested in is a student residence, that i could mortgage for roughly $130/week and rent for $1250 month. which i could rent out while i still live with family. after uni the property would act as an investment property while i save for a larger investment property.
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6 years ago
Matt M.
Matt M.
Kenthurst, NSW
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A number of mates are property developers in around Sydney. We have over the next couple of years up to 100 house and land packages coming onto the market and hoping we can steer customers towards a lender/lenders/brokers to obtain finance and we can sell the properties. We don’t want to be involved in the finance but with the Royal Commission, banks and brokers issues, we’d like to get some advice on who we should talk to. Is it now just the majors are there any nonbanks who will look at house and land packages or is it mortgage brokers?
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6 years ago
Dan D.
Dan D.
Maidstone, VIC
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1 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
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6 years ago
Fae B.
Fae B.
Reservoir, VIC
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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?
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6 years ago
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