Good for you Terry.
I am quite a few rungs below you on the ladder but understand where you are coming from in terms of quality of life. My wife and I have the home, beach house and investment properties but the beach home is more of a beach shed .
We did have a small apartment in our portfolio but as mentioned sold that when I realised that the numbers of purchasers for it would become quite limited. That is the biggest problem I have with cheaper apartment investment. Banks are not doing first home buyers any favours (rightly so) with purchases of such apartments. This is limiting purchase to investors who as you know are often that little more savvy. Although the returns we achieved were good (supplemented by the inclusion of a carpark), the tenants were invariably students (10/12 months typical tenancies) and the apartment appeared to be aging rapidly despite the high B/C fees we soaked.
Good for some, just not for us. Am sitting tight, and watching the inner city 3-4 Bed ex-state etc market very closely though. Prices are still easing but there still appears to be quite strong demand.
Haven't been watching the apartment market at all. How are prices stacking up?
I am quite a few rungs below you on the ladder but understand where you are coming from in terms of quality of life. My wife and I have the home, beach house and investment properties but the beach home is more of a beach shed .
We did have a small apartment in our portfolio but as mentioned sold that when I realised that the numbers of purchasers for it would become quite limited. That is the biggest problem I have with cheaper apartment investment. Banks are not doing first home buyers any favours (rightly so) with purchases of such apartments. This is limiting purchase to investors who as you know are often that little more savvy. Although the returns we achieved were good (supplemented by the inclusion of a carpark), the tenants were invariably students (10/12 months typical tenancies) and the apartment appeared to be aging rapidly despite the high B/C fees we soaked.
Good for some, just not for us. Am sitting tight, and watching the inner city 3-4 Bed ex-state etc market very closely though. Prices are still easing but there still appears to be quite strong demand.
Haven't been watching the apartment market at all. How are prices stacking up?
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