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  • Profile photo of airswimmmerairswimmmer
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    @airswimmmer
    Join Date: 2008
    Post Count: 3
    March 10, 2008 - 1:20 pm
    Lalibella wrote:
    I agree with Steve, however I would add run, run away from this risky deal. Dont stop until you've purchased a finished house with good tenants. Dont blow your money speculating. Leave it for a few years.

    thank you very much for your advice. It is actually risky for me after more thoughts. I would look for something else. good luck your investments

    Profile photo of airswimmmerairswimmmer
    Participant
    @airswimmmer
    Join Date: 2008
    Post Count: 3
    March 10, 2008 - 7:46 am

    thank you very much.

    i am acutally talking about the CitySide apartment which is at northwest corner of Melbourne CBD. For $7000, it comes with 6% rental gaurantee from the developer for first year from settlement(1/05/09), property mgmt fee and dishwasher and blinds, but for deposit I need to pay only 700 of it.

    I thought I don't need to worry about the the body corp and water rate stuff if i am selling it before settlement? but i know the cost of those anyway. It's not furnished. single carpark.

    the 1 Bed+study apartment I am looking at is 436K which includes the 7K investor pack, and two bedroom one is 526K. I am thinking the two bed one will have better growth. what do you think about these apartments in a year time?

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