We have two company titles units .
Not sure what the current state of affairs is , but in the past the banks wouldn't lend as much . We have 80 % LVR .
While they may be cheaper , the rents aren't cheaper , so potential higher returns .
Company title predated strata title so they will tend to be older .
Unlike strata title there is no obligation to maintain an adequate sinking fund , so if you come across one with low levies , it's just as likely to represent a lack of ongoing maintenance , a state of disrepair with the need of extra levies to cover costs such as rewording the building / potential plumbing issues .
We are currently having a " discussion " in our block after a stop c o c k failed during a renovation , resulting in minor water damage to the unit below . The upstairs owner was aware there was a problem with the stop cocks and had agreed to arrange to have them replaced ..... Sigh . The repair of the damage has revealed there is old wiring in parts of the building which will need to be repaired ......
Cliff