We had a 1 br with courtyard in Ultimo, bought for $278k in 2007 and sold for $420k in 2012. Someone else can do the maths, but I think that's around 9-10% CG pa. Not mind blowing, but solid.
Are 1 Bedroom units worth investing in?
- Thread starter brocky05
- Start date
Excellent Luce.
Now Brocky (love that name BTW)
I currently own a 1 bedda in Sydney's south west and its doubled in value. Never had probs finding a tenant. No probs getting finance either (it's a very generous size unit).
I'd forget about service aparts, retirement aparts etc. That's my opinion.
A "normal" one bedda is slightly cheaper than its cousin, the 2 bedda. But it's still gonna show heaps of CG. It's not like ...whao....it's a one bedda, therefore no CG for you Sonny Jim...that's fiddle sticks.
Now Brocky (love that name BTW)
I currently own a 1 bedda in Sydney's south west and its doubled in value. Never had probs finding a tenant. No probs getting finance either (it's a very generous size unit).
I'd forget about service aparts, retirement aparts etc. That's my opinion.
A "normal" one bedda is slightly cheaper than its cousin, the 2 bedda. But it's still gonna show heaps of CG. It's not like ...whao....it's a one bedda, therefore no CG for you Sonny Jim...that's fiddle sticks.
Hey Datto, shock horror - we agree on this one 
As others have said retirement units I wouldn't even consider. I bought 2 1 bedroom units in Sydney 3 years ago. Both have almost doubled in value rents gone up 70% since purchase. Never had a problem renting them and to be honest I always found them much easier to negotiate a good price on. They come with a stigma but as long as its a good location and the numbers add up than you will be right
loving your response Pinkboy. I have slowly learnt this through experience, but geez I wish this simplified explanation was provided to me few years ago. Trouble with me (and maybe a lot of young inexperienced investors) is the lack of confidence to take on risks and options. I've purchased a few in the last few years and they are doing well, but deposit for each were from savings - a lesson I need to learn better.
I bought one around the corner from where I live in Marrickville in November 2013. I'm pretty sure if I put it on the market today it would fetch about $70K more than I paid for it. But that's the Sydney market in the last couple of years for you. It's a 52sqm one bedder, too, so a good size.
