I spoke to the settlement agent about the extension but he said the interest charged is 9%. I have managed to save the stamp duty and is just offsetting my mortgage..therefore around 6.5% interest. Im still deciding what to do about the extension though.Yeah I agree about the contracts and the lack of information. Seems like the developers never…[Read more]

I guess everyone has the news now that a new developer has an unconditional contract to buy the site.What is everyone's thoughts on what they will do?I originally thought the would be crazy not to make a few changes and hike up the price, but then they have to sell them all again etc when it seems all the approvals are in place to just start…[Read more]

@Matt re; Tambrey KarrathaI still think they will be a good buy once they are built due to the positive gearing and high depreciation. All indicators point to reasonable growth too. The only problem is that you only get the benifits when the unit is built.I would ask them about the builder situation – and could you let us know…Maybe even let…[Read more]

I purchased one of the Tambrey units earlier this year. Every few months I would check in with Jeremy GILMORE (sales agent) who would say that they were close to the start of construction but said finance was an issue, since all the short stay apartments weren't sold. I was first told construction would start in the next 2 months when purchasing…[Read more]