W
WebBoard
Guest
From: Greg C
Hello all - please treat me gently as this is my first time !!!!!!!!
Looking for peoples
1. opinions
2. experiences
with advantages & disadvantages of Studio apartments in Sydney's East mainly Paddington , Potts Point, Elizabeth Bay , Bondi
I have a freind who is in the Real Estate game in the east & he claims Studios are a good investment - "because lots of young people like to live by themselves in the areas mentioned above, & they usually have high disposable incomes & are prepared to pay premium prices on a commodity (he claims) is in high demand".
Now - as he does list Studios in his business from time to time and the fact that he IS a real estate agent I'm wondering if what he says is 110% the truth ????????????
if you get my drift ??????
Studios do appear generally to have a high rental yields compared to say a 2 bed unit (older style)& in this low interest rate enviroment could ALMOST be positively geared.
I am looking at buying ones that may need cosmetic upgrades inc new Kitchen as a way of increasing rent & reaching the goal of a positively geared investment.
I am looking at "buy and hold" strategy over at least 8 - 15 years
Do they have the same capital appreciation as 1 & 2 bed units?
please throw your comments at me
Thankyou
Retire at 50
Hello all - please treat me gently as this is my first time !!!!!!!!
Looking for peoples
1. opinions
2. experiences
with advantages & disadvantages of Studio apartments in Sydney's East mainly Paddington , Potts Point, Elizabeth Bay , Bondi
I have a freind who is in the Real Estate game in the east & he claims Studios are a good investment - "because lots of young people like to live by themselves in the areas mentioned above, & they usually have high disposable incomes & are prepared to pay premium prices on a commodity (he claims) is in high demand".
Now - as he does list Studios in his business from time to time and the fact that he IS a real estate agent I'm wondering if what he says is 110% the truth ????????????
if you get my drift ??????
Studios do appear generally to have a high rental yields compared to say a 2 bed unit (older style)& in this low interest rate enviroment could ALMOST be positively geared.
I am looking at buying ones that may need cosmetic upgrades inc new Kitchen as a way of increasing rent & reaching the goal of a positively geared investment.
I am looking at "buy and hold" strategy over at least 8 - 15 years
Do they have the same capital appreciation as 1 & 2 bed units?
please throw your comments at me
Thankyou
Retire at 50
Last edited by a moderator: