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Hello,
Whilst we work in Victoria, I am happy to pass on some general advice:
Deposit: whilst you can of course negotiate your deposit amount, it is ultimately the vendor's decision on the deposit amount they will accept. Keep in mind that 10% is a general figure that is likely to ensure security. Interest earned on deposits cannot be kept by a real estate agent, it is paid to a government fund applicable to each state.
Offer: Don't make an unconditional offer when you are awaiting finance approval. We see this a lot! The problem is that if by some chance your finance falls through, you will end up paying the vendor compensation. Make you offer 'Subject to Finance' and also expiring before the auction. If the vendor does not accept your offer, be sure to receive confirmation the offer has been rejected from the agent in writing.
Settlement: In your situation I would recommend pushing for a 90 day settlement. Whilst it is likely the vendor will not accept as the property is going to auction and by the agent's push for 30 days they are likely in a hurry to settle, it is always best to ensure your offer matches your requirements rather than the vendor's preferences.
Best of luck with your purchasing endeavours!
