Pasqual, if you buy a off the plan city pad in melb, be careful...

  1. 794 Posts.
    Pasqual, if you buy a off the plan city pad in melb, be careful with size paramaters. Make sure it's over 40 square metres and not in a overly high density block.

    If its near albert park, see if its off the main st or on a quieter side street which would be better. Make sure there is a car park.

    Some people do ok with off the plan but most people make better capital gains off established apartments as they have a higher Land to asset ratio. If you get an established apartment, look carefully cause only 1 in 20 advertised at the moment are worth looking at.

    Also make sure the floor plan makes sense and isn't some squashed up thing where the developers are trying to squeeze way to many apartmenets to increase their profit.

    Good luck with you search-
 
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