I went to Home expo in Sydney the other day to look for another IP and met a few companies that providing 'long term' relationship with clients that will help to achieve their investment goals / retire asap with passive income.
Anyway these companies actually offering off the plan apartments/house and land package. They offered me :
1) Tower melbourne (melbourne CBD) and
http://www.towermelbourne.com.au/
2) STK apartment (in st kilda)
http://stkapartments.com.au/
My budget max 450k with 20% deposit.
I have following questions:
1) What are your experience if you're using this similar companies? I assumed these companies basicly just want to sell their properties, and not helping you achieve your goal.
2) Is buying off the plan better than buying existing?
3) Strata and stamp duty are pretty low, claimed the agency.
Strata are approx $3000/year, that's pretty low compare to Sydney with
similar criteria. And stamp duty were calculated at only around $2000+
4) They only have a few 'unpopular' apartment units available in tower
melbourne. My budget only allow to buy 1bed/1bath/0 carpark and all of
them are having privacy screening window, view
is blocked by other building. Of course the price is cheaper in comparison
to non-blocked one. But then again, what's the point buying at highest
residential apartment in melbourne , while your view is blocked
Maybe you guys could give me a different perspective from an investor
mind
5) STK apartment in St Kilda
They really insist that this will be good IP for me base on my financial
assesment with them and their research . I've been to Melbourne once
and i'm not really sure if this suburb is good for my IP. The apartment are
offered around $441k for 1bed/1bath/1carpark. What are your thought
about this particular apartment and St Kilda suburb?
Anyway these companies actually offering off the plan apartments/house and land package. They offered me :
1) Tower melbourne (melbourne CBD) and
http://www.towermelbourne.com.au/
2) STK apartment (in st kilda)
http://stkapartments.com.au/
My budget max 450k with 20% deposit.
I have following questions:
1) What are your experience if you're using this similar companies? I assumed these companies basicly just want to sell their properties, and not helping you achieve your goal.
2) Is buying off the plan better than buying existing?
3) Strata and stamp duty are pretty low, claimed the agency.
Strata are approx $3000/year, that's pretty low compare to Sydney with
similar criteria. And stamp duty were calculated at only around $2000+
4) They only have a few 'unpopular' apartment units available in tower
melbourne. My budget only allow to buy 1bed/1bath/0 carpark and all of
them are having privacy screening window, view
is blocked by other building. Of course the price is cheaper in comparison
to non-blocked one. But then again, what's the point buying at highest
residential apartment in melbourne , while your view is blocked
Maybe you guys could give me a different perspective from an investor
mind
5) STK apartment in St Kilda
They really insist that this will be good IP for me base on my financial
assesment with them and their research . I've been to Melbourne once
and i'm not really sure if this suburb is good for my IP. The apartment are
offered around $441k for 1bed/1bath/1carpark. What are your thought
about this particular apartment and St Kilda suburb?
