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Hi, Benney and BA(Buyer Agent),
Thank for your comment and advise. both OTPs and small apartments are not our options. Actually for the highrise apartments, no matter what size it is, all have little land components. The reason we choose highrise is the view, a view is hard to find in other places, and also the location (central locations and close to anywhere) and facilities (lifestyle, high cost on body, the price to pay). And also high demand for rental (with good rental return $620 per week). My only concern is the capital grouth with these highrise apartment (may not going up much or at all in 10 years time).
Interesting topics. At broker’s advice, about 7 years ago, I take the portfolio loan from bank of melbourne (line of credit), interest only loan but without any time limit. However, the charge is that you have to pay higher interest rates. I am thinking how can I reduce the interest rate with bank without change the structure.
