Is it acceptable in Australia to negotiate a purchase price on a
property?
Q.
I'm a first time home buyer originally from the UK. Is it
acceptable in Australia to negotiate a purchase price on a property
- or do I offer the asking price straight away?
A.
In Australia it is traditional to bargain hard, which is why you
really need to spend time researching the market so you will know a
bargain when you see one. Also, it is important to understand why
the vendor is selling, because this will give you valuable
information to help you couch an appropriate offer.
Each week financial advisor Noel Whittaker answers your
questions.
