Hello everyone,
Would anyone mind to share your (or your friends) good or bad experiences with OTP properties.
It would be interesting to know what went well, and what didn't. Which year was it and what location.
I will share here the story of one of my friends.
2006, South Melbourne. The apartment was build to specs, high quality, low body corporate.
2012, St Kilda. The project was delayed, apartment was build without a promised balcony, poor quality of the fittings causing numerous maintenance requests from tenant. Body corporate is too expensive around 4.5K + boiler fee.
He also purchased an OTP apartment in Camberwell a year ago, construction will commence in September, but he is now wondering, if he should release it, before it is too late.
Would anyone mind to share your (or your friends) good or bad experiences with OTP properties.
It would be interesting to know what went well, and what didn't. Which year was it and what location.
I will share here the story of one of my friends.
2006, South Melbourne. The apartment was build to specs, high quality, low body corporate.
2012, St Kilda. The project was delayed, apartment was build without a promised balcony, poor quality of the fittings causing numerous maintenance requests from tenant. Body corporate is too expensive around 4.5K + boiler fee.
He also purchased an OTP apartment in Camberwell a year ago, construction will commence in September, but he is now wondering, if he should release it, before it is too late.