I luv this forum!! There are so many interesting and diverse ideas out there!! Thanks for taking the time to respond to my questions.
My partner and I have discussed all the options put forward. We were very interested to hear that by strata-ing we have ‘instant equity’. At this stage, tho, we will speak to a valuer to determine prices etc…[Read more]
Originally posted by crj:
I agree there’s a lot to consider. Obviously increased borrowing capacity is one and no doubt the possibility of being able to free one flat from a mortgage so you can use another lender when making further investments. My comments are looking at the things to be considered in whether the strata title is feasible.…[Read more]
Thanks for that. We are actually going to have a look at some 2 b/r units to get an idea of the price and the rental and compare those figures to the units we are looking at buying.
With blocks of units being harder to sell, for a variety of reasons, did you find the vendor more willing to negotiate than had he been selling an individual…[Read more]
Sorry Shaun – for the same reason, can’t leave email address. We are meeting Monday 11am at Belconnen Mall. If you can make it I’ll leave details at information desk at Mall. Let me know either way.
$900 isn’t expensive. I shopped around and found $800 plus GST about the cheapest. The most expensive was $2500. You can clearly see that $900 is at the lower end.
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