Very important to get a good strata manager, we just flipped to a better one and it makes a big diff. Hard to come across, same as good managers & agents.
Was talking to a neighbour last week whose daughter wants an apartment and also passed on thoughts based on defect rates, from a retiring senior property insurance lawyer I'd listened to a decade ago. She said she didn't buy anything built after 1992. I'd done the same - older apartments, mid-rise not high-rise, moderninse the interiors and get the better rental, and the land (lot size they are on tends to be big and well located) appreciates too. Swings and roundabouts re depreciation but risk-reward balance most important to me.
