All Topics / General Property / Studios and 1 Bedroom Properties

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  • Profile photo of xonf5pxonf5p
    Member
    @xonf5p
    Join Date: 2004
    Post Count: 4
    October 12, 2004 - 3:23 am

    Hi all,

    Has anyone had success investing in studios and 1 bedroom properties. In general is it harder to sell a studio than a 1 bedroom property? Is it harder to sell a 1 bedroom property than a 2 bedroom property? Studio and 1 bedroom properties are currently within my price range (and comfort zone finanically). I intend this to change as I gain more experience, however for the moment, these properties are what I’d like to focus on. Are there any pro & cons for investing in studios? Any information is greatly appreciated. Thanks

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    October 12, 2004 - 3:34 am

    Properties under 50sqm are harder to finance. As such there can be a limit on the resale market.

    Make sure your research includes this factor.

    Cheers,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    0425 228 985

    3 year fixed rate – 6.85%

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of YorkerYorker
    Member
    @yorker
    Join Date: 2004
    Post Count: 306
    October 12, 2004 - 3:50 am

    You can make money on some smaller units in Darwin. Purely because they are so cheap.

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