My investment philiosophy at the moment is not to invest in apartments but only houses. I'm aware of some disadvantages of this strategy like I'm priced out of a lot of areas.
My investment philiosphy is to hold on to proerties for as long as I can (hopefully forever).
I would like to know about investing in apartments. My questions is as follows:
1) Do apartments offer good long term capital growth. (I say no, but I have limited knowledge in this area). IE. 50 years
2) I don't like the idea of body corporate as I believe that apartment owners are up for unlimited liability with body corporate. Is there a limit on how much body coprporate an apartment owner has? Or can it be unlimited (IE. major damage to building.)
Besides being able to buy into more suburbs are there any other advantages of investing in an apartment rather than a house?
My investment philiosphy is to hold on to proerties for as long as I can (hopefully forever).
I would like to know about investing in apartments. My questions is as follows:
1) Do apartments offer good long term capital growth. (I say no, but I have limited knowledge in this area). IE. 50 years
2) I don't like the idea of body corporate as I believe that apartment owners are up for unlimited liability with body corporate. Is there a limit on how much body coprporate an apartment owner has? Or can it be unlimited (IE. major damage to building.)
Besides being able to buy into more suburbs are there any other advantages of investing in an apartment rather than a house?