I am interested to find out why investors have decided to sell their property in the past ?
I am in a dilemma as whilst my property has grown at an average 7% the past 6 years , the holding costs keep increasing. Strata costs rose 140% start of last year and set to increase further this year.
This is due to some major works to the property that seems to be neglected in the past.
So have you ever sold due to strata fees that keep going up ?
40 year old building
Strata $1250 p/q
Going up to $2500 at the end of the year
I am in a dilemma as whilst my property has grown at an average 7% the past 6 years , the holding costs keep increasing. Strata costs rose 140% start of last year and set to increase further this year.
This is due to some major works to the property that seems to be neglected in the past.
So have you ever sold due to strata fees that keep going up ?
40 year old building
Strata $1250 p/q
Going up to $2500 at the end of the year