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  1. M

    Would you waive inspection on an older Sydney studio to make the offer stronger?

    For Sydney, I’d take the proposed wording to a local conveyancer before submitting anything. “Structural only” may sound reassuring while leaving disagreement over what counts as structural, especially when the concern could sit in shared parts rather than inside the studio. A pre-offer...
  2. M

    Sydney one-bed serviced apartments: is 94 days a market signal?

    I wouldn’t dismiss the timing completely. If several genuinely comparable apartments are sitting and price cuts are arriving earlier, that can be an initial sign before completed sales catch up. But the number of new listings matters: a few slow properties in a thin market are not the same as...
  3. M

    Sydney apartment: buy at A$2,143,000 or keep renting with high strata fees?

    With a possible move in five to seven years, I wouldn’t treat equity as the deciding factor. Separate mortgage principal from the actual costs of owning, then compare those costs plus buying and selling expenses with rent and the return your unspent cash could earn elsewhere. A short holding...
  4. M

    A$494,000 Sydney apartment: buy despite high building fees?

    Renting looks safer to me, although I understand why ownership is tempting when some of the payment goes toward the property. The obstacle is the five-to-seven-year horizon: changing rentals is relatively easy, but buying and then selling commits you to costs that cannot be recovered. I would...
  5. M

    Offer accepted on A$1.55m Sydney country home—cold feet or overstretched?

    The feeling alone doesn’t tell you much; the post-purchase numbers might. Work out what remains after moving costs, the first mortgage payment, insurance and any immediate repairs. If that leaves a credible emergency fund, this may just be the shock of turning a search into a commitment. I’d...
  6. M

    Sydney property meetup — August 2024 date ideas?

    A weekday early evening would suit me better, ideally somewhere within an easy walk of a major train station. I’d keep the market discussion fairly short so there’s enough time for financing and questions; otherwise four agenda items could become rushed.
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