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  • Profile photo of brownie74brownie74
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    @brownie74
    Join Date: 2007
    Post Count: 12

    i was told by the strata manager,in his opinion the cars were coming to the end of their natural life and would need to be replaced in the next couple of years

    all irrelevant now – someone put in a higher offer and got the unit

    Profile photo of brownie74brownie74
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    @brownie74
    Join Date: 2007
    Post Count: 12

    maybe i should rephrase my question…

    As a rule of thumb, how much per unit would you expect to be in a healthy sinking fund?

    Profile photo of brownie74brownie74
    Participant
    @brownie74
    Join Date: 2007
    Post Count: 12

    Nah, she knows nothing about the details.

    How would I find out information such as how often the fund has been tapped recently, etc. Is that publicly available?

    Profile photo of brownie74brownie74
    Participant
    @brownie74
    Join Date: 2007
    Post Count: 12

    So what sort of fund would you expect for that sort of property?

    I've just spoken to a property solicitor who reckons $77K is ok.

    Profile photo of brownie74brownie74
    Participant
    @brownie74
    Join Date: 2007
    Post Count: 12

    Thanks for the helpful post!

    Profile photo of brownie74brownie74
    Participant
    @brownie74
    Join Date: 2007
    Post Count: 12

    is there much difference between these reports? is it worth getting both, or is one better than the other?

    Profile photo of brownie74brownie74
    Participant
    @brownie74
    Join Date: 2007
    Post Count: 12

    I'm interested in the potential for capital growth here, not the rental income – which i believe will be the same in both places.

Viewing 7 posts - 1 through 7 (of 7 total)