All Topics / Help Needed! / Ground Floor versus 1st Floor 2 apartment – capital growth

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  • Profile photo of EzEz
    Member
    @ez
    Join Date: 2010
    Post Count: 26
    November 8, 2010 - 9:17 pm

    Hi All,
    I wanted everyones thoughts on whether to buy the ground floor versus top floor 2 bed aprtment.
    The major differences is the ground floor hass 2 x courtyards, but is closer to communal bins so could be a bit nosier/smellier. The top floor apartment has a resonable balcony that has nature views. Both are quite private on a small development. The ground floor is only $4k more and would probably only get the same rental return. The properties would be suitable for a couple, or students and is for investment only however my main goal is capital growth (is in inner location of a capital city that really has 4 seasons). Any thoughts or things to consider? Thanks in adavnce,

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    November 9, 2010 - 11:04 am

    For only $4k more I'd be tempted to go the courtyard option. Land in an apartment complex is a luxury!

    Also, if your willing (and if body corp allows) you could let the tenants to keep a small pet (the little patch of land will come in handy) and you'll be able to ask for a higher rent.

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of EzEz
    Member
    @ez
    Join Date: 2010
    Post Count: 26
    November 10, 2010 - 5:43 am

    Thanks Jamie…..really apprecaite your view.

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