There are some cheap, small apartments in Melbourne that I've been eyeing off. $250k - $300k range.
Questions:
How many extra "fees" will there be per annum, like building management and all that jazz. Are they OK to live in?
Just turned 22 - and I've got $180k now. Did some risky investing that paid off. Well Silver just crashed 20% so maybe $160k, but should be a good enough deposit?? Was thinking of getting one to rent out for a bit and then live in. All I want is a bed, a shower, and a TV. I'm really busy with work and it's a pain in the *** to commute during the week. Are they worth it? Or too much hassle and annoyance in managing/renting out/maintaining.
I really hate debt and think it's disgusting so I would like to try and stay out of as much debt as I can. Especially since prices could crash.What are your thoughts on apartments, and what are the traps and pittfalls that are unforseen? Any reading you can point me to?
Questions:
How many extra "fees" will there be per annum, like building management and all that jazz. Are they OK to live in?
Just turned 22 - and I've got $180k now. Did some risky investing that paid off. Well Silver just crashed 20% so maybe $160k, but should be a good enough deposit?? Was thinking of getting one to rent out for a bit and then live in. All I want is a bed, a shower, and a TV. I'm really busy with work and it's a pain in the *** to commute during the week. Are they worth it? Or too much hassle and annoyance in managing/renting out/maintaining.
I really hate debt and think it's disgusting so I would like to try and stay out of as much debt as I can. Especially since prices could crash.What are your thoughts on apartments, and what are the traps and pittfalls that are unforseen? Any reading you can point me to?