Hi There,
Looking at investing in OTP apartment 2km from Brisbane (please, no arguments about why OTP is a big risk - I've already done all that due diligence).
I have narrowed it down to:
apartment in big (25 story) resort style development right in the middle of everything with heaps of facilities (eg. lagoon style pools, rooftop gardens), apartment size is 85m2 internal;
OR
apartment in smaller building (9 story) with some facilities (eg. pool, gym) but almost 100m2 internal with extra storage available too. This one is a short walk 300m to the other one, so while not right next door is very close.
Purchase prices are the same. Obviously body corps in the smaller development will be lower ongoing. I'm leaning towards the smaller development as I don't think everyone wants to live in those very busy resort style buildings do they?
Opinions please...
Looking at investing in OTP apartment 2km from Brisbane (please, no arguments about why OTP is a big risk - I've already done all that due diligence).
I have narrowed it down to:
apartment in big (25 story) resort style development right in the middle of everything with heaps of facilities (eg. lagoon style pools, rooftop gardens), apartment size is 85m2 internal;
OR
apartment in smaller building (9 story) with some facilities (eg. pool, gym) but almost 100m2 internal with extra storage available too. This one is a short walk 300m to the other one, so while not right next door is very close.
Purchase prices are the same. Obviously body corps in the smaller development will be lower ongoing. I'm leaning towards the smaller development as I don't think everyone wants to live in those very busy resort style buildings do they?
Opinions please...