Hi all,
I have been reading a lot of the threads on Somersoft for over a year now and decided to join up. Hello to you all.
For all the inner west fans, I have my eye on a 2 bed in Ashfield in the Meriton complex on Brown St near the station. I went to an inspection on Sat and only 3 people showed up. I'm about to run a strata report and expect no issues, but I wanted your expert view on this complex as opposed to say the 30 yr old low density blocks on the other side of the rail line. In the past 6 months, the low rises walk ups are going around the high 5 to low 6 figures. It?s pretty crazy.
The Meriton I inspected was ok. Needs new carpet, skirtings and paint job. They are asking for 600 for level 2. Probably costs around 550 in 2013 so I guess the agent trying to get current market value for 2014 as it?s the first one in the complex for sale this year. The two bedrooms and bathrooms are very large. It doesn't face the train line which is good but the lounge and balcony is quite small with hardly any sunlight (west facing lounge but sunlight blocked). Both bedrooms have a window facing east away from rail line. The selling point is big bedrooms, big bathrooms, and east facing windows for bedrooms. The bedrooms also don't have common walls so no noise on three of the walls.
I'm a bit confused as to why the low density that is 10 -15 min walk to station is doing so well in demand and not the as much for the high rises. I can only see two high rises in Ashfield; The Esplanade and the Meriton on Brown St. The Esplanade is on the rail line and does not look so clean around the foyer on the street. The Meriton looks well maintained as they have a building manager, etc. Any thoughts?
The only reason I can find is strata; 1300 as proposed to say 600 for low density. Is this much of a big deal really? Most med to high complexes costs this much? Are buyers in Ashfield refusing to pay this amount. I mean in Rhodes, people are happy to be paying this type of strata and it?s twice the distance to the city.
Thanks,
Will.
I have been reading a lot of the threads on Somersoft for over a year now and decided to join up. Hello to you all.
For all the inner west fans, I have my eye on a 2 bed in Ashfield in the Meriton complex on Brown St near the station. I went to an inspection on Sat and only 3 people showed up. I'm about to run a strata report and expect no issues, but I wanted your expert view on this complex as opposed to say the 30 yr old low density blocks on the other side of the rail line. In the past 6 months, the low rises walk ups are going around the high 5 to low 6 figures. It?s pretty crazy.
The Meriton I inspected was ok. Needs new carpet, skirtings and paint job. They are asking for 600 for level 2. Probably costs around 550 in 2013 so I guess the agent trying to get current market value for 2014 as it?s the first one in the complex for sale this year. The two bedrooms and bathrooms are very large. It doesn't face the train line which is good but the lounge and balcony is quite small with hardly any sunlight (west facing lounge but sunlight blocked). Both bedrooms have a window facing east away from rail line. The selling point is big bedrooms, big bathrooms, and east facing windows for bedrooms. The bedrooms also don't have common walls so no noise on three of the walls.
I'm a bit confused as to why the low density that is 10 -15 min walk to station is doing so well in demand and not the as much for the high rises. I can only see two high rises in Ashfield; The Esplanade and the Meriton on Brown St. The Esplanade is on the rail line and does not look so clean around the foyer on the street. The Meriton looks well maintained as they have a building manager, etc. Any thoughts?
The only reason I can find is strata; 1300 as proposed to say 600 for low density. Is this much of a big deal really? Most med to high complexes costs this much? Are buyers in Ashfield refusing to pay this amount. I mean in Rhodes, people are happy to be paying this type of strata and it?s twice the distance to the city.
Thanks,
Will.