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01/06/25
16:40
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Originally posted by 6151:
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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.
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Read this and disagree with its take on 1bedrooms given the price of the 2-3 bedrooms in these areas, which offer more options re rent a room, have a kid, etc. also doesn't calc in land value and what % of it you own which I reckon is dumbdedumb that we do it for older houses but not older units.https://www.smartpropertyinvestment.com.au/industry/29970-older-units-set-to-lead-perth-s-property-surge