With inner city living in Brisbane becoming rather unaffordable (for new developments) i'm starting to think my wife and I might have no option but to look at a 1 bedroom apartment.
Does anyone have any experience with these? Any problems with resale? any problems as an investment property?
No issues as investment property in fact i have a few 1 bedders and they rent out excellently.
Depending on the actual size of the property you might have issues in financing a higher lvr and if you do then someone else may if you come to sell it.
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If not then as long as the Body Corporate expenses are not too high and the building is generally well maintained all should be good.Richard Taylor | Australia's leading private lender
Read Peter Spanns books he owns over 50 one bedders for a reason …
I love them we just bought a one bedder in Sydney Wahroonga for $225.00.00 in a plus 55 with a rental guarantee of $300.00 but have given it to a local agent with a furniture pack (tax deductible) at $400.00 per week …
Easy to rent easy to sell if you need to … great ROI … go for it
Thanks for the feedback guys. I will look into this when we have a large enough deposit saved.
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