Hello all,
Doing some reading on inner city units V outer suburb house purchases..I won't fuel that argument at the moment (I'm one foot in both camps) but their is a ever occurring thought of ensuring that the 'building' is a low portion of the overall price, meaning the 'land value' is the important component. How would you work this out for a unit complex??? Is it as simple as for eg; a block of four units over $1mil land value is simply $250k each???? (Divide number of units by overall land value) Or is there a much more difficult equation to be accurate???
Thanking you all in advance...
Doing some reading on inner city units V outer suburb house purchases..I won't fuel that argument at the moment (I'm one foot in both camps) but their is a ever occurring thought of ensuring that the 'building' is a low portion of the overall price, meaning the 'land value' is the important component. How would you work this out for a unit complex??? Is it as simple as for eg; a block of four units over $1mil land value is simply $250k each???? (Divide number of units by overall land value) Or is there a much more difficult equation to be accurate???
Thanking you all in advance...
