Hi All,
I want to get into the property investment market. I saw some nice studios in Parramatta all below 190000. I was thinking how effective this is considering charges like body corporate charges and strata charges. The guy whom I spoke with proved to me that it is a cash flow positive property. The only issue is that there close to zero capital growth. I had a brief chat with the banks and looks like only CBA will touch these kind of properties.
I need to know if someone has invested in these kind of properties and what is the experience like. Also where would I learn more about studio investments.
Cheers,
Leo
I want to get into the property investment market. I saw some nice studios in Parramatta all below 190000. I was thinking how effective this is considering charges like body corporate charges and strata charges. The guy whom I spoke with proved to me that it is a cash flow positive property. The only issue is that there close to zero capital growth. I had a brief chat with the banks and looks like only CBA will touch these kind of properties.
I need to know if someone has invested in these kind of properties and what is the experience like. Also where would I learn more about studio investments.
Cheers,
Leo