I am considering buying a small block of units (3-4 units) in Brisbane or maybe GC, for next IP. Interested in going down this path, as the rental yields appear higher than just buying a house, and to diversify from just having houses as IP. This would be my first unit block purchase. Any advice or anyone with experiences to share? Also solid brick vs other types _ how much difference in value. Looking at inner - Middle ring suburbs, non strata, for long term investment, ATM... Any advice appreciated.
Advice on buying block of units.
- Thread starter MiQu
- Start date
Are we talking single title or does each unit have its own title?
A lot of money,cause if it possible to strata title them you then can on sell them individually.
Macca446
Most unit multiple unit OOT in the brisbane area wont be brick
will be your typical rambling qlder converted a long time ago, with lovely original features
Brick will usually be in a place like Chermside, 4 units at under a mill here would be sensational
On the LVRs
90 % with 3 OOT......i can understand
4-5 on OOT,wed be struggling above 80, and even at 80 the lender choices are limited.
ta
rolf
check out www.yourstylegroup.com.au they buy blocks and renovate them.
worth going to a couple of there open homes and see what they do.
worth going to a couple of there open homes and see what they do.
