So what do you think about the strategy of buying one with only a short time (say, 5 years) left on the commercial contract?
My thinking is that a well chosen apartment in a great location and nice building will show decent CG once it's released from the contract and becomes available to owner occupiers.
This assumes you're prepared for the lower LVR going and you're wanting positive cash flow during the contract term.
I'd be interested in your thoughts on this ..
Thanks,
Rob
Hi Rob
I imagine once the unit is released from the contract you may be able to
refinance to take the extra equity out.
Cheers
Pete