hi guys,
Any thoughts on the older apartments in the CBD of Perth. Saw one today, old red brick building near Terrace Rd. I went to look at one at Terrace Rd cause it was about $240k but was late, so looket at a 1 bed on Hill St, which was advertised at $349k
1 bed with BIR, high ceilings, loung, kitchen and ensuite, floorboards. I really actually liked the character feel and could feel myself living there if need be, though if I were to renovate decorate for myslef, I would be careful to do it "properly" to enhace the character feel not make it feel ike something old. Probably wouldn't need much just what you would use might not be the cheap IKEA stuff that's all. Hmm did I mention I quite liked it ?
What do we really think of it from invetment potential though ? Agent suggested it rented for $380 and it comes with furniture too.
But I m not sure about the vacancy rate, for me, I still have a perception that inner city living is a bit of a novelty in Perth. But logic suggests it can't stay that way forever (if it in fact even is that way now) - or does it (?) So I guess if the novelty factor4 perection that I have is just a percetion, the issues concnering me would be rental vacny (to keep p with holding costs) and future growth..hmm, dont mind me, thinking out loud now.
Any thoughts on the older apartments in the CBD of Perth. Saw one today, old red brick building near Terrace Rd. I went to look at one at Terrace Rd cause it was about $240k but was late, so looket at a 1 bed on Hill St, which was advertised at $349k
1 bed with BIR, high ceilings, loung, kitchen and ensuite, floorboards. I really actually liked the character feel and could feel myself living there if need be, though if I were to renovate decorate for myslef, I would be careful to do it "properly" to enhace the character feel not make it feel ike something old. Probably wouldn't need much just what you would use might not be the cheap IKEA stuff that's all. Hmm did I mention I quite liked it ?
What do we really think of it from invetment potential though ? Agent suggested it rented for $380 and it comes with furniture too.
But I m not sure about the vacancy rate, for me, I still have a perception that inner city living is a bit of a novelty in Perth. But logic suggests it can't stay that way forever (if it in fact even is that way now) - or does it (?) So I guess if the novelty factor4 perection that I have is just a percetion, the issues concnering me would be rental vacny (to keep p with holding costs) and future growth..hmm, dont mind me, thinking out loud now.