... units for sale, would one be a good investment?
One Off the Plan? One renovated in an older block? One brand new shiny one in a high rise? One for $450K, one for $550K, or one for $750K?
Depending on your answers to these and other Qs, will depend on the answer you get
Can you be more specific?
$450K IMO is too exy for a 1brm in Rhodes. As a general comment, when you buy brand new you are paying a good profit to the developer. This means you often get very low or no CG for a number of years after purchase.a recently competed or near completed 1 or 2 bedroom unit at approx $450k
This would be my pick. BUT make sure you do a strata search to make sure there is money in the sinking fund (for repairs) and that the BC is not looking to raise a special levy anytime soon.or a renovated 2 bed in an older block in or around the area (Meadow Bank)
Rhodes is the location of the most toxic piece of land in the southern hemisphere. The land in question is just a few blocks north of the shopping centre, right next to one of the new residential blocks. I believe it's the one that's surrounded by shipping containers stacked on top of eachother.
I think they got rid of the shipping containers due to the fact that someone had painted one of them with a giant warning "Dioxin waste" that you would see from the train every time you went by.
From what I have seen of those new developments around the shopping centre they all seem overpriced for what they are, and due to the issue of toxic waste in the area I certainly wouldn't want to raise children there.