Auckland city apartment, some are so cheap (Free hold, non leak?). Is it the time?

[TomTom]

While Auckland outskirt suburbs are so heated, inner city apartments seems still remain good return in terms of cash flow. Apartments like Empire and Columbia can generate a return of 6% (3 beds shoe box free hold selling just above 300k and rented for above 500/week), potentially more when the international students come back once the boarder is open. Quite tempting return rate. But I understand the price comes a reason, any advice? I could not find any information that indicates those apartments are leaky. Also. what about Zest, Harvey, Stanford etc. they all seems generate solid returns.
much appreciated!

[Bean Counter]

You certainly have to be careful when buying an apartment with quite a few leaky buildings in NZ.You also need to find out if the building fund is sufficient when major
repairs and upgrades are required especially if there are lifts in the building.If the funds arent there the unit owners have to put the money in to pay.Theres lots of things
to check on.Buyer beware