All Topics / General Property / CBD Apartment Investment WA

Viewing 11 posts - 1 through 11 (of 11 total)
  • Profile photo of nicole2nicole2
    Member
    @nicole2
    Join Date: 2003
    Post Count: 8

    Hi
    Can anyone share their ideas on inner city apartment investments. Is this a good idea? I am looking at an apartment in the main street of Perth but concerned about the rental vacancy???
    I have recently been told to get into this type of investment because of the consistent capital growth inner city apartments sustain. But being a newie pretty concerned. First one always the hardest.Also heard that Perth is going to be the next boom state???
    Please offer any advice or thoughts
    Much appreciate
    Nicole

    Profile photo of TamLuuTamLuu
    Member
    @tamluu
    Join Date: 2003
    Post Count: 5

    Just be aware that there seems to be alot poping up throughout Australia esp in Sydney…

    So i assume that supply would exceed demand…affecting the market

    My 2cents worth

    Cheers

    Profile photo of kelvinhkelvinh
    Member
    @kelvinh
    Join Date: 2003
    Post Count: 37

    Being a Perthie… There seems to be alot of inner city apartments around.. and rental vacancy around Perth city is around 7.5 per cent (last API mag) with the rest of perth sitting at around 4.5 or under…
    Not much info but hope it helps …

    Regards

    Kelvin

    Profile photo of ActTodayActToday
    Participant
    @acttoday
    Join Date: 2003
    Post Count: 232

    We had an option to purchase an off the plan unit but bowed out as we could not get full finance on a 6000 postcode. Rents are often less than just a bit further out.

    Profile photo of AdministratorAdministrator
    Keymaster
    @piadmin
    Join Date: 2013
    Post Count: 3,225

    Nicole, it is essential that you make enquiries first and foremost as to whether you can obtain finance and what kind of LVR.

    Many lenders have either turned their back on inner city units because of oversupply or else
    substantially reduced their LVR.

    Even more important is the fact that the size of the living area (not including the parking area and balcony areas) determines as to whether or not a lender is prepared to lend.

    Pisces133

    Profile photo of justintehjustinteh
    Member
    @justinteh
    Join Date: 2003
    Post Count: 4

    Nicole

    In a word, NO!

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    Profile photo of nicole2nicole2
    Member
    @nicole2
    Join Date: 2003
    Post Count: 8

    quote:


    Nicole

    In a word, NO!

    font=Arial][/font=Arial]


    THanks everyone for your comments. I have just come across a member DooDahDave who posted 23/2/03 and investigating the same. Funnily enough he was told by the same finance company that I just recently met with “Westpoint Finance”. He may be able to give me some good insight into his findings s well.
    Thanks again-Nicole

    Profile photo of troycorptroycorp
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    @troycorp
    Join Date: 2003
    Post Count: 12
    Profile photo of truebluetrueblue
    Member
    @trueblue
    Join Date: 2003
    Post Count: 142

    In all property investment, it is the land that increases in value. I wouldn’t waste my time looking at units in Perth.

    Profile photo of nicole2nicole2
    Member
    @nicole2
    Join Date: 2003
    Post Count: 8

    quote:


    BEWARE!!!!

    Read this,

    http://www.jenman.com/NewsQuestions1.php?id=46


    Thanks for this ! THats excellent.

    Profile photo of nicole2nicole2
    Member
    @nicole2
    Join Date: 2003
    Post Count: 8

    quote:


    In all property investment, it is the land that increases in value. I wouldn’t waste my time looking at units in Perth.


    True. I will take your advice!

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