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Lower buy in price Ability to add value with a renovation Potential CG that you don't get in the first few years on the purchase of brand new Established BC and strata managing agent - all bedded down with 5 - 10 yr plans Building issues long since addressed (if there were any during the...

Agree with you 100% there. And even the bright new shiny ones in Hornsby > Gordon should do well in that kind of timeframe IMO (and as Red Car says). I do it for a living :) - but lots of purchases over the last 12 months especially. Definitely older blocks of 9, 12 or 20 mostly. No lifts...

I am a bit concerned about the potential future CG of these in the near future because there are so damn many of them. Bear in mind that bright shiny new ones - like those that have popped up all over in the last 12-24 months - often do not have much CG in the first few years as that goes to the...