Hi Everyone,
I am quite new to this and I would like to know some experts opinions. I am thinking of buying it for capital gain investment.
I am looking to invest in Waterloo area. I am currently interested in a brand new 2 bed 1 bath 1 park apartment. selling price is around 799K for a 72sqm internal and 8sqm External. The current renting price for surrounding units is around $700/w. The Developer is Becton Group and the facility seem great. It's 10 minutes walk to Green Square Station.
My concern is wether or not the unit is overprice? And is the price going to drop within the next few years? I like the prospect of Green square shopping centre and the area seem to be developing quite well. I am just not sure if the increase in unit supply with drive the price down in future.
I am quite new to this and I would like to know some experts opinions. I am thinking of buying it for capital gain investment.
I am looking to invest in Waterloo area. I am currently interested in a brand new 2 bed 1 bath 1 park apartment. selling price is around 799K for a 72sqm internal and 8sqm External. The current renting price for surrounding units is around $700/w. The Developer is Becton Group and the facility seem great. It's 10 minutes walk to Green Square Station.
My concern is wether or not the unit is overprice? And is the price going to drop within the next few years? I like the prospect of Green square shopping centre and the area seem to be developing quite well. I am just not sure if the increase in unit supply with drive the price down in future.
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