I think I have finally been hit with some of that "analysis paralysis."
I'm searching for a 3 bedroom townhouse (SE QLD), however it seems that every property in the area I'm interested in seems to belong to a complex with at least 100 townhouses.
These townhouses are suitable for my situation because their relatively affordable (in comparison to stand alone, older 3 bedrooms in the area that may require some work), the rental yield is pretty good, most are 10-15 years old so there’s a fair bit of depreciation left and the general condition is pretty good (which helps because I’ll likely buy site unseen).
However, I'm still concerned about the high number of townhouses in each of the complex's I'm interested in. I'm at the point where I don't know if I should put in an offer or steer clear. Would love to hear others thoughts.....
I'm searching for a 3 bedroom townhouse (SE QLD), however it seems that every property in the area I'm interested in seems to belong to a complex with at least 100 townhouses.
These townhouses are suitable for my situation because their relatively affordable (in comparison to stand alone, older 3 bedrooms in the area that may require some work), the rental yield is pretty good, most are 10-15 years old so there’s a fair bit of depreciation left and the general condition is pretty good (which helps because I’ll likely buy site unseen).
However, I'm still concerned about the high number of townhouses in each of the complex's I'm interested in. I'm at the point where I don't know if I should put in an offer or steer clear. Would love to hear others thoughts.....