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I live in sydney
Developing on this land is just a dream. if i had enough money to buy all 6 units and the house next door i could knock them down and build 12 units easily with great views as the land is at the top of a hill. i think there would be money in it but im in no financial position to do that. the unit is just an investment property and an ability to chose my neighbours at the moment.
well the strata is extremely high from my view, for that amount all we get is a small patch of grass cut once a month. There is no gardening or cleaning the drain gets blocked at least 3 times a year, they’ve had upgrades like ugly conduit run power points moving the old power points 30cm apart from each other which made no difference, tap washers in common laundry where changed at a cost of $300, $20 in parts and 1 hour labour $80, it should have been and that generous i think.
Seeing as where on the topic of strata a top floor unit had a leaking hot water system while they where on holidays, which caused damage to the unit below. so they had to get someone out to break in get a plumber to fix the problem and the get someone to repair the damage in the lower unit.
Should the strata pay for these repairs or should the owner of the top floor have to i don’t see why i need to pay for his laziness to turn power and water off while being away.
And as for buying it i spoke to another rel-estate agent about general prices they said $360k-$420k depending on the condition of the unit.
the rel estate agent selling it told me $405k they where offered by the first person that saw it which i don’t believe. Any one have any tips for me on how to negotiate with him. How do i get him chasing me to buy it. Sounds weired but i believe its possible right?
