Hi all,
Has anyone had success investing in studios and 1 bedroom properties. In general is it harder to sell a studio than a 1 bedroom property? Is it harder to sell a 1 bedroom property than a 2 bedroom property? Studio and 1 bedroom properties are currently within my price range (and comfort zone finanically). I intend this to change as I gain more experience, however for the moment, these properties are what I’d like to focus on. Are there any pro & cons for investing in studios? Any information is greatly appreciated. Thanks
Properties under 50sqm are harder to finance. As such there can be a limit on the resale market.
Make sure your research includes this factor.
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 9853 year fixed rate – 6.85%
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
You can make money on some smaller units in Darwin. Purely because they are so cheap.
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