Recent content by montgom90

  1. M

    OTP Apartments Newcastle

    No regrets, although that may change at time of completion as is the risk involved in OTP purchases. I'll cross that bridge when I come to it. Re-assurance is always welcome when making your first big investment decision, but not what I'm seeking. Just looking for any...
  2. M

    OTP Apartments Newcastle

    Using onthehouse (thanks serendip), along with discussions with agents, but as I said very few similar properties without car spaces. Also very few fully furnished options which I plan to offer. I'm anticipating an increase in rental demand initially. University development scheduled for...
  3. M

    OTP Apartments Newcastle

    There is a paid multi-story parking station about 100m away. A permanently reserved park there will set you back $3,000 p/a. Worth looking into a sub-lease, but can't see it costing much less than that which is unlikely to improve rental return. With 4,000 business and law students soon to...
  4. M

    OTP Apartments Newcastle

    No car space is definitely my main concern. There is a decent amount of on-street parking around the building, and at the time of purchase I thought parking permits were available for about $100 p/a. On closer inspection, the building is right on the edge of a CBD exclusion zone. Addresses on...
  5. M

    OTP Apartments Newcastle

    Hi All, I'm very new to this forum (only came across it today) but I'm loving the info/advice so far. Myself and my partner (both age 25) have just recently purchased our first property, an apartment OTP in a boutique development (32 apartments) in the Newcastle CBD. It's scheduled for...
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