Good post property girl... when I saw these going up years ago I thought they'd be money sinks
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Just off topic a little, have you guys seen the Nishi apartments in new Acton? I had a look a couple weeks ago. I couldn't believe the prices they were asking for tiny tiny apartments.
Surely Canberra buyers would be a lot more sophisticated than maybe what the developers give them credit. We are not in Japan, we have a lot of space in Canberra, people don't need to resort to living in a 35m2 apartment.
The apartments do look beautiful and fresh (great colour selection) but everything is laminex. I don't even mind the laminex as it has been done well but when you combine the cheap finishes and the tiny floor spaces with still pretty expensive price tags.... Well it's just not for me I guess.
Angel
Nishi means "West" in Japanese. Are they in "West" Acton by chance?
I would NEVER buy off-the-plan.
Property girl has summed up exactly why off-the-plan is a bad idea.
The fact that you are posting on somersoft shows you have doubts. If there are any doubts, especially in a weak property market, don't buy.
Jamie,
You seem to be a mortgage broker so its obvious you have some bias.
The fact is Tony Abbott will win the next election and sack 12,000 Canberra public servants. Add to that the general property market in Australia is stagnating (at best).
Anyone who wants to risk $500,000 on Canberra needs to think very carefully.