An excellent article from the SMH on the rule of thumb to investing in property. Might sound a little conservative in this day of the 95% home loan.
SMH article by Nicole Pedersen-McKinnon or Download the PDF
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< def'n > digital conveyancing (1)the system of exchanging sales & mortgage documentation and property data electronically (2)between vendor & buyer, agent & lawyer, brokers & banks, government & land registry (3)from point of sale to contract to settlement (4)with or without printed documentation (preferably without)< /def'n >
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