CBD Apartment Investment WA

Viewing 11 posts - 1 through 11 (of 11 total)

nicole2
Member
@nicole2
Join Date: 2003
Post Count: 8
October 4, 2003 - 10:46 am
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
TamLuu
Member
@tamluu
Join Date: 2003
Post Count: 5
October 4, 2003 - 10:10 pm
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
kelvinh
Member
@kelvinh
Join Date: 2003
Post Count: 37
October 5, 2003 - 12:51 am
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
ActToday
Participant
@acttoday
Join Date: 2003
Post Count: 232
October 5, 2003 - 1:00 am
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.
Administrator
Keymaster
@piadmin
Join Date: 2013
Post Count: 3,225
October 5, 2003 - 1:17 am
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
justinteh
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@justinteh
Join Date: 2003
Post Count: 4
October 5, 2003 - 2:12 pm
Nicole
In a word, NO!
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nicole2
Member
@nicole2
Join Date: 2003
Post Count: 8
October 6, 2003 - 2:48 am
quote:
Nicole
In a word, NO!
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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
troycorp
Member
@troycorp
Join Date: 2003
Post Count: 12
October 6, 2003 - 6:56 am
BEWARE!!!!
Read this,
http://www.jenman.com/NewsQuestions1.php?id=46
trueblue
Member
@trueblue
Join Date: 2003
Post Count: 142
October 6, 2003 - 7:30 am
In all property investment, it is the land that increases in value. I wouldn’t waste my time looking at units in Perth.
nicole2
Member
@nicole2
Join Date: 2003
Post Count: 8
October 6, 2003 - 7:58 am
quote:
BEWARE!!!!
Read this,
http://www.jenman.com/NewsQuestions1.php?id=46
Thanks for this ! THats excellent.
nicole2
Member
@nicole2
Join Date: 2003
Post Count: 8
October 6, 2003 - 8:00 am
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!