Hi Everyone, I'm new here!
I know there is a massive apartment glut at the moment in Melbourne CBD but wondered what your thoughts are on newer apartments in the inner west (eg Williamstown, Newport, Spotswood, Yarrville, Maribyrnong).
Although I prefer a house, unfortunately my budget looks like its going to be more sensible to go for an apartment. I have seen a couple of apartments which seem to be reasonably priced stick on the market for ages (one with a downwards price revision). I'm also looking at one OTP (but am very wary given all the pitfalls that can come with OTP, although I love the location.
Is there something not quite right about new apartments full stop in Melbourne at the moment?
I should add that this will be my PPOR for at least a couple of years but may become an IP over time so I want to get it right.
Any insights would be appreciated!
I know there is a massive apartment glut at the moment in Melbourne CBD but wondered what your thoughts are on newer apartments in the inner west (eg Williamstown, Newport, Spotswood, Yarrville, Maribyrnong).
Although I prefer a house, unfortunately my budget looks like its going to be more sensible to go for an apartment. I have seen a couple of apartments which seem to be reasonably priced stick on the market for ages (one with a downwards price revision). I'm also looking at one OTP (but am very wary given all the pitfalls that can come with OTP, although I love the location.
Is there something not quite right about new apartments full stop in Melbourne at the moment?
I should add that this will be my PPOR for at least a couple of years but may become an IP over time so I want to get it right.
Any insights would be appreciated!