As mentioned you need at least 30% deposit if it is under 50 sqm.

Strata levies tend to be high.

As mostly renters rather than owner occupiers the place tends to be a little unkempt.

Capital gain generally below market.

Have high turnover of tenants causing increased management fees.

Cad

Originally posted by Docbue:
kALGOORLIE:
I am buying in Kal, seems very stable. Shire just spent $5,000,000 on new acquadic centre, Bunnings just spent 7 figures on a new store. Target, new shoping centre, Harvey Norman spending several mill on new shopping centre, Big W just going up. A lot of new top quality homes going in. Super pit the main…[Read more]

Please correct me if you consider that any of my assumptions are incorrect. I’d also like to hear your comments especially if anyone has actually done this.[/blue]

Regards – Moolah

I believe you would need to have 100% vote from the other strata owners to make a change to your strata plan.

Cad

Originally posted by KT2303:
After searching the papers and the internet I have found 3 properties that would be top investments. But because i have no deposit I cant secure any finance. Two of these properties are selling for 75% of their market value and the third has a guaranteed tennant for 5yrs at a break even rental price – before value…[Read more]