do you think a block of flats/units in an inner city location is a good deal if I only have to finance $400 a week for it?[cowboy2]
I still own 3 separate non strata titled blocks in Brissie and wouldnt sell them for all the tea in China.
A block gives you so many options:
1) To develop.
2) To rent and retain
3) To strata
4) To renovateControlling the Body Corporate also allows you to run the building as you want and with the increase in pricing for such properties the demand is starting to outstrip supply.
Dependant on the number of units in the block will effect the interest rate and LVR you can obtain when financing but all of these sorts of things you can over come.
Richard Taylor
Residential & Commercial Finance Broker
**NODOC loans from 7.14%**
Licensed Financial Planner
http://www.yourstatefinance.com
[email protected]
Ph: 07-3720 1888Richard Taylor | Australia's leading private lender
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