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Run, run as far as you can go from this.. Do the maths, $24K for 177 apartments?

I'm not against or support you, because PPOR is emotional purchase.. Just want to give advise that you don't want to overspend on strata, or other cost. This will affect your cashflow to purchase IP.

Is this for IP or PPOR? How big is the complex (how many unit in the same building)? $1300 could be cheap or expensive due to several things, order strata report will help you. With the strata report you will find out how much money level in the banks. Is there any emergency repair...