All Topics / Help Needed! / Help needed, department of housing

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  • Profile photo of samgoudasamgouda
    Participant
    @samgouda
    Join Date: 2013
    Post Count: 19
    April 22, 2013 - 12:57 am

    Hi Everyone,

    I am looking at an apartment which i thought ticked all the boxes.

    I have come to realize that 3 to 5 units out of a complex of roughly 25 are owned by the department of housing.

    What are the Cons of this? Does this affect the pricing at all?

    Your help would be much appreciated =)

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    April 22, 2013 - 6:32 am

    Not all DoH homes are filled with bad tenants.

    Suss out the strata minutes – see if there's been any issues in the complex.

    It could have an effect on future resale if the purchasers do their due diligence and work it out.

    Cheers

    Jamie

    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]

Viewing 2 posts - 1 through 2 (of 2 total)

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