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House_Keeper said:Which area are you referring to?
"Sydney Apartments" is more than one market.
alexlee said:Hi, Lotana. What yields are your friends buying at? Remember a 5% yield on a suburban house and a inner city unit are very different, because body corp fees (might be a killer in the future if you have to repair lifts or pools), council rates and so on are very different. You need to run the cashflow calc to see if it´s a good deal.
Alex
asdf said:You'll find some strata levies in inner city apartments up to $1500 a quarter. I pay that a year on one of my properties. Plus I'm willing to bet my portfolio if its a Meriton apartment, you'll have to cough up a special levy to fix their mess within 5 years of you purchasing one. Did look into though
I was recently talking to a bank valuer who was valuing my ppor.I'm willing to bet my portfolio if its a Meriton apartment, you'll have to cough up a special levy to fix their mess within 5 years of you purchasing one.