vincentong Posted February 14, 2012 Share Posted February 14, 2012 I am currantly planning to buy an apartment 2+2+CP about AUD 550K in burwood . The site location is just next to the Deakin University, would like to collect some advice from the local resident and investor. I am buying this for my brother as accomodation for his study last for 3 years and future for investment purpose. The problem is i need to bear on the heavy stamp duty which is up to 28K. Should i take it? Any pros and cons ? Appreciate for the reply. Good dayzzzzz Link to comment Share on other sites More sharing options...
Guest The Pom Queen Posted February 14, 2012 Share Posted February 14, 2012 Firstly are you resident of Australia, if not you may need approval to purchase an investment property take a look here: http://www.firb.gov.au/content/Exemptions/exemptions.asp Link to comment Share on other sites More sharing options...
vincentong Posted February 15, 2012 Author Share Posted February 15, 2012 Ya, my solicitor will settle the FIRB for me. Any pro and cons about this location for me before i put myself into the picture? would appreciate your reply. thks Link to comment Share on other sites More sharing options...
starlight7 Posted February 15, 2012 Share Posted February 15, 2012 Pros- close to Deakin,PLC etc ideal for students Cons- busy road, possibly noisy.A bit 'souless' round there. Financial situation just now- properties tend to be dropping in value . Seems a high price for what it is. Too many students around so a lot of people coming and going in term time. Link to comment Share on other sites More sharing options...
JoandJon Posted February 15, 2012 Share Posted February 15, 2012 It does seem like a high price for a flat. Link to comment Share on other sites More sharing options...
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