Posted by: Carol Reynolds | 2014/11/03 12:49
Property is a great investment, so always try and buy the worst house in the best area. Ideally, you want to ensure that you have good capital growth, and hence area is critical. If you are buying in a complex, ensure that the body corporate is healthy and the financials are good. Things like parking bays are also critical - rather buy a one bedroom unit with a parking, than a two bedroom unit without a parking. Also consider whether the banks will finance a complex - some blocks of flats struggle to get bond finance and these should be avoided.
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