Purchasing at auction is on an unconditional basis, which means you cannot include any conditions to protect yourself from the unforeseen, such as: subject to finance subject to pest and building inspections subject to searches There is no cooling-off period so if you are the successful bidder, you will have to settle the contract even if: …

Until a few months ago there was no premium charged on interest rates on interest-only loans over and above principal and interest loans. This allowed them to be used strategically in a number of ways at no extra cost. Examples, some of which may have been your reasons for choosing this option, include For those …