Hi all,
I'm looking for a PPoR to buy and was originally planning to purchase a 1br apartment in the CBD.
However after reading about strata levies and shocking strata management, I have second thoughts.
Was originally planning to purchase one of those Meriton or Mirvac apartments, as well.
Basically with all the commitees and stuff, I find that even though you purchase the unit/apartment, it's not really yours. I don't use a pool much, and if the elevator breaks down in a high rise it is expensive.
Strata levies will cost on the order of 1.5-2K/q ... not cheap.
This is a shame as I love the views, and convenience of living in the Sydney CBD.
Anyone have any advice on alternatives (i.e. inner city housing) or know which apartments are the best to purchase for owner occupied purposes and long term capital gain?
Thanks in advance.
I'm looking for a PPoR to buy and was originally planning to purchase a 1br apartment in the CBD.
However after reading about strata levies and shocking strata management, I have second thoughts.
Was originally planning to purchase one of those Meriton or Mirvac apartments, as well.
Basically with all the commitees and stuff, I find that even though you purchase the unit/apartment, it's not really yours. I don't use a pool much, and if the elevator breaks down in a high rise it is expensive.
Strata levies will cost on the order of 1.5-2K/q ... not cheap.
This is a shame as I love the views, and convenience of living in the Sydney CBD.
Anyone have any advice on alternatives (i.e. inner city housing) or know which apartments are the best to purchase for owner occupied purposes and long term capital gain?
Thanks in advance.