cadill69 replied to the topic Studio Apartments (Whats the catch?) in the forum No Subject 19 years ago
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
cadill69 replied to the topic Kalgoorlie in the forum No Subject 19 years ago
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]cadill69 replied to the topic SOLUTION TO THE OLD “STRATA PROBLEM” in the forum Creative Investing 19 years ago
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
cadill69 replied to the topic Disheartened in the forum Help Needed! 19 years ago
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]