Browse Forums General Discussion 1 Sep 09, 2017 6:21 pm Who had it and how often does it happen? It looks like playing a Russian roulette when building in a new area. You have a tender appointment, a contract appointment, pay 5% of the house built cost and then... Your banks says that your house price is too high and you have to cover the shortfall from your own pocket. Surprise surprise! If you don't have money to cover the shortfall you are in a deep.. waterlands, call it so. You lost your deposit, your land is standing still with you paying mortgage on it. What to do? Sell the land, pay back the bank for the land and spend another million years saving for a deposit until your pension comes. The house is not super special, it's under 1million (land and a double story build combined), the block is large but it's not Toorak. It's Officer, even though it's on the northern side and wrapped by the "iconic" Timbertop estate. There are no similar houses that were sold in Timbertop to compare it with. How would bank evaluate? Hi everyone, building a duplex with my brother and we will then subdivide the land with council. Each duplex will be 360m2. The frontage of the house is West facing and… 0 3397 I have posted this before: We hired Darbecca to do every stage inspection, and I strongly recommend them to anyone that asks me. They were amazing. Thorough reports… 2 4518 Thank you so much everyone. This all makes a lot of sense. I guess when you talk to a builder who butters up everything to look very polished, you get to start believing… 7 17628 |