Studio units in Sydney give higher rental returns than any other units. The reason for this is lower LVR available, which reduce the number of potential buyers, which in turn has a downward pressure on the price.
I think in today’s market studios represent a good alternative to other types of inner-city property, however I was not able to find any statistics on capital growth for this sector of the market.
Would anybody have this information available or perhaps just some personal observations?
Also, what factors affect the price for studios? I understand the total area is most important. Another factor must be the unit's condition. What about things like parking, orientation (North is best?), views, floor? How liquid are they in average market?
Thanks and regards,
Lotana
I think in today’s market studios represent a good alternative to other types of inner-city property, however I was not able to find any statistics on capital growth for this sector of the market.
Would anybody have this information available or perhaps just some personal observations?
Also, what factors affect the price for studios? I understand the total area is most important. Another factor must be the unit's condition. What about things like parking, orientation (North is best?), views, floor? How liquid are they in average market?
Thanks and regards,
Lotana