Hi all,
Im from Sydney for reference but can see there are studios in St Kilda (grey st/canterbury rd and surrounds) that are sub $200K. Considering the distance from CBD and Beach and relatively surrounds – I am amazed it exists in any major capitol city let alone Melbourne. What are the negatives of these studios? (other than probably lower socioeconomic residents)
Difficulty of finance, higher turnover of tenants
Finance would likely be limited to 80% LVR or less due to the size of the apartments and depending on the m2 may be limited to a few lenders or possibly none so cash buyers only?
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This reply was modified 8 years, 3 months ago by
Colin Rice.
Colin Rice | CDR Finance
http://cdrfinance.com.au/
Email Me | Phone MePerth Based Mortgage Broker - Investment Property Finance Specialist | E: [email protected]
Fair enough, it makes sense. Thanks for the info.
How about you walk down grey st at 10 pm any night of the week, you’ll find out why really quickly.
Its not the best area of St kilda but St Kilda is not cheap. What type of properties are you seeing that is sub $200,000
Nigel Kibel | Property Know How
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This reply was modified 8 years, 3 months ago by
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