Hello
I have seen 1 bedroom apartments for sale in North Melbourne for under under $200k. It is a large building at least 5 stories high, probably a few hundred apartments in the one building. They seem like a good deal so there must be some catch....
I noticed other advertisements say "student only". What on earth are they? Why would anyone build a huge apartment block and restrict it to students only???? Also some advertisements say you are buying a part of a hotel aka "serviced apartments".
I want to be 110% certain I am NOT buying a "student only" or "serviced apartment". How do I make sure it is a normal / standard apartment? I want to choose my own property manager and not have to deal with any dodgy management lease etc. Does my lawyer check this during the settlement process?
Also, would someone be able to to tell me the approximate council rates and body corporate that I would pay per annum for a one bedroom apartment in nth melb?
Any other advice would be much appreciated.
I have seen 1 bedroom apartments for sale in North Melbourne for under under $200k. It is a large building at least 5 stories high, probably a few hundred apartments in the one building. They seem like a good deal so there must be some catch....
I noticed other advertisements say "student only". What on earth are they? Why would anyone build a huge apartment block and restrict it to students only???? Also some advertisements say you are buying a part of a hotel aka "serviced apartments".
I want to be 110% certain I am NOT buying a "student only" or "serviced apartment". How do I make sure it is a normal / standard apartment? I want to choose my own property manager and not have to deal with any dodgy management lease etc. Does my lawyer check this during the settlement process?
Also, would someone be able to to tell me the approximate council rates and body corporate that I would pay per annum for a one bedroom apartment in nth melb?
Any other advice would be much appreciated.