Hey guys
just want some advice on melbourne cbd apartments,
ive put a 15,000 deposit down on a 42m2 1 bedroom, balcony apartment on bourke st, the apartment is on level 10 with views of elizabeth st etc
www.equityapartments.com.au
The apartment has no features such as pool, gym etc but it will be built on a heritage listed building - equity chambers
the apartment cost $320,000 and it will eventually be my investment property.
i put the deposit down in nov 2009 and the construction wont start till jan 2012 ... expected completion late 2014
body corporate will cost approx 1200 per annum
my question is:
Is this a good investment property? ( rent wise )
At the completion date will the property be worth more than what i bought it for ?
cheers
jono
just want some advice on melbourne cbd apartments,
ive put a 15,000 deposit down on a 42m2 1 bedroom, balcony apartment on bourke st, the apartment is on level 10 with views of elizabeth st etc
www.equityapartments.com.au
The apartment has no features such as pool, gym etc but it will be built on a heritage listed building - equity chambers
the apartment cost $320,000 and it will eventually be my investment property.
i put the deposit down in nov 2009 and the construction wont start till jan 2012 ... expected completion late 2014
body corporate will cost approx 1200 per annum
my question is:
Is this a good investment property? ( rent wise )
At the completion date will the property be worth more than what i bought it for ?
cheers
jono