First time Poster & short time reader.
I have been dealing with an investment company who have led me to a 2 x 1 + Carpark 60m^2 Internal + 8m^2 Balcony in the new Aria Melbourne Residence in 109 Melbourne Street, South Brisbane for $579k
The reasons they gave me for why this is a great investment:
* Assures me it is almost certain that it will gain short term capital growth.
* Better quality than previously built and other apartments under construction for the price
* Aria have an immaculate record.
* Apartments being completed now have returned a very substantial CG.
I agree Brisbane looks like a great place to buy. I am worried with the huge supply of apartments in South Brisbane that the time for short term CG for OTP apartments is too late with the possibility of a higher supply than demand for the short term. My concern is that he comes across like he isn't a salesman, which probably means he is a very good salesman. He also didn't want to share his personal portfolio.
I have no doubt that there will be long term growth but for someone like me buying their first investment property with solid income, I am after quick CG to expand my portfolio as early as I can.
Can I please have some easy to understand reasons for why this may or may not be a bad investment?
Thanks in advance.
I have been dealing with an investment company who have led me to a 2 x 1 + Carpark 60m^2 Internal + 8m^2 Balcony in the new Aria Melbourne Residence in 109 Melbourne Street, South Brisbane for $579k
The reasons they gave me for why this is a great investment:
* Assures me it is almost certain that it will gain short term capital growth.
* Better quality than previously built and other apartments under construction for the price
* Aria have an immaculate record.
* Apartments being completed now have returned a very substantial CG.
I agree Brisbane looks like a great place to buy. I am worried with the huge supply of apartments in South Brisbane that the time for short term CG for OTP apartments is too late with the possibility of a higher supply than demand for the short term. My concern is that he comes across like he isn't a salesman, which probably means he is a very good salesman. He also didn't want to share his personal portfolio.
I have no doubt that there will be long term growth but for someone like me buying their first investment property with solid income, I am after quick CG to expand my portfolio as early as I can.
Can I please have some easy to understand reasons for why this may or may not be a bad investment?
Thanks in advance.
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