Well, let me add my comments to this.
I bought an apartment for the first time, and did not do my due diligence on it.
Although it was 10 years old when I bought it, it looked very good, and was exactly what I was after.
A year later, the problems showed up - water ingress during heavy rains. My apartment was in the middle of the building, so no problems for me, but top floor guys had internal water damage - and as a Strata, we all got a Special Levy to pay that year to fix the problems.
2 years later, and the building has more water ingress problems and another bill to fix!
My lessons learnt:
Never, ever buy off the plan.
Never, ever buy a brand new apartment that is not at least 5 years ols\d.
Avoid the top floor apartments.
Demand copies of the previous 5 x years of the Strata Company's AGM Minutes - and in particular ask if there were any Special Levies imposed in the previous 5 years for major building repairs.
Look at other buildings around the area and ask yourself - is that an old building and going to be re-developed in the future - how will that affect my building views, noise, access etc.
If you decide to go ahead - get an Inspection Done by a proper Building Engineer - I did this when I bought my house, but did not think it was warranted when I bought the apartment - how wrong I was!
Just some harsh lessons I have learnt about apartments.
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Last
89.0¢ |
Change
0.010(1.14%) |
Mkt cap ! $242.1M |
Open | High | Low | Value | Volume |
88.0¢ | 90.0¢ | 88.0¢ | $164.3K | 186.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 36337 | 89.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.0¢ | 9995 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1111 | 0.900 |
1 | 36337 | 0.890 |
1 | 12000 | 0.885 |
1 | 105 | 0.875 |
1 | 1176 | 0.850 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 9995 | 1 |
0.905 | 11000 | 1 |
0.930 | 200 | 1 |
0.940 | 10154 | 2 |
0.945 | 10498 | 1 |
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