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From: Jack Moro
Hi night owls,
Please help make sense of my following observations.
I have been considering buying an unit I.P
in central Boronia Melbourne.
Recent shopping around indicates prices as such,
New, construction complete, 2Brm 170K
One year old 2 Brm 150K
The rent for each is generally the same
Why is there a 20K loss of value in one year??
There seems to be no reason for the 20K loss in value other than the Stamp duty savings if bought off plan and the regular depreciation of building and fixtures
for that first year
My questions are?
1. Would this account for the 20K loss of value in one year
2. Where is the capital gain in units
3. Do you get an individual title with a unit
4. What makes units a good or bad investment
5. My sums show the one year old unit a better buy for I.P is this generally the case
(I prefer not to buy off plan or is this a silly phobia)
6. Why are units so dear e.g small land and building compared to house.
7. Any advice on units as I.Ps please, any pitfalls to beware of.
Please help me out with this as I am ready to buy e.g finance soughted accountant o.k etc
Cheers
Jack
Hi night owls,
Please help make sense of my following observations.
I have been considering buying an unit I.P
in central Boronia Melbourne.
Recent shopping around indicates prices as such,
New, construction complete, 2Brm 170K
One year old 2 Brm 150K
The rent for each is generally the same
Why is there a 20K loss of value in one year??
There seems to be no reason for the 20K loss in value other than the Stamp duty savings if bought off plan and the regular depreciation of building and fixtures
for that first year
My questions are?
1. Would this account for the 20K loss of value in one year
2. Where is the capital gain in units
3. Do you get an individual title with a unit
4. What makes units a good or bad investment
5. My sums show the one year old unit a better buy for I.P is this generally the case
(I prefer not to buy off plan or is this a silly phobia)
6. Why are units so dear e.g small land and building compared to house.
7. Any advice on units as I.Ps please, any pitfalls to beware of.
Please help me out with this as I am ready to buy e.g finance soughted accountant o.k etc
Cheers
Jack
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