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The 34sqm is under 500k. Not at the top end of her budget.

Sorry, I should have been clearer. The 34sqm apartment is in McMahons Point and is under $500k & she was looking at that because finding a 2 bedroom that will go for under $1m is tricky. Shes also looking in Manly, but things are selling so quickly, if you don't get an offer in after the first...

Thanks alicudi. She actually has a budget to buy up to around $1m as a max so it's important to make some capital gains (atleast keep up with the general market) along the way as presumably she will want to upsize at some point. That being said, lifestyle and location are also important so even...

Thanks for the replies. Your right, I wouldn't have even given this a second look for one of our own investments, but my step-daughter was advised by a different family member that it would be a suitable place to buy because of location & that it was "no biggie" to get finance with a 20%...

Hi all, just a question regarding smaller studio apartments as my step daughter is potentially looking at one as a PPOR. Would you consider buying a 34sqm property if it was in a desirable harbour front suburb? It's hard to compare stats as there don't seem to be many sales to compare to...