Should you invest in an apartment or a house?
First-time investors looking in the CBD and inner suburban areas will find an array of options to weigh up click here for more: http://www.gpsnetwork.com.au/MediaArticles.html
Your feedback on this topic is appreciated.
Roy H.
L.R.E.A., Dip FS (FP)Guardian Property Specialists (GPS) is a research-focused company that specialises in sourcing and providing residential investment properties Australia wide!
Hi GPS,
I would not contemplate a CBD apartment – the major reason being that (from what I’ve learned) 50% of CBD apartments are purchased by International buyers. As such, they are shackled by the FIRB guidelines – in short, International Investors may ONLY purchase NEW properties.
Thinking that through, as soon as an International Investor wants to sell, they are then selling into a market that now DOES NOT INCLUDE any other International Investors. Or, putting it another way, the buyers have immediately shrunk by 50% !!!!!!
So why would I want to buy in a market that can shrink by 50% at the drop of a hat?
Happy to learn if others have alternative viewpoints,
Benny
Hi Benny,
Interesting point of view re overseas investors only attracted to CBD, we have been focusing on fringes due to entry points and greater potentials too..
Roy H.
L.R.E.A., Dip FS (FP)Guardian Property Specialists (GPS) is a research-focused company that specialises in sourcing and providing residential investment properties Australia wide!
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