Blog - Apartments

5 Things To Look For When Choosing An Apartment

There are many commonly used rules of thumb when it comes to buying strata property and they can basically be split into two categories – those that relate to the building or complex and those that apply to the individual lot. When choosing an apartment it’s crucial that you know how to pick the best […]

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8 tips for buying the best apartment in the block

Apartment living sounds so good: no grass to mow, a pool you don’t have to clean, no costly home maintenance, lock up and leave. As Sydney becomes a “grown up” city, we are seeing a greater acceptance of apartment living but not all units are created equal. It would be fantastic if you could go straight […]

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What issues can come up with a self managed Strata building?

Every so often we come across a small block of units or townhouses that have a self-managed owners corporation. This can be a very effective way to keep costs down if all units are owner occupied and all owners have a vested interest in ensuring the building is well maintained. But there can be pitfalls […]

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Make sure you get what you think you are buying.

Recently I looked at a strata property for a client in a small complex of five villas. Inside the layout and condition was pretty simple and functional and suited his needs well. But the feature that most appealed to our buyer was a private north-facing courtyard with an established garden. After the second inspection our […]

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Buying off plan or brand new

  When buying a brand new apartment or townhouse the thought of being the first to live in a property can be pretty tempting. But what are the pitfalls? History is the often the best predictor of future performance when it comes to property values. So it will be hard to gauge which properties and […]

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Can you still buy something close to Sydney’s CBD for under $500,000?

Last month RPData released a report listing median house and unit prices in Sydney. Surprisingly, there are two suburbs within a 10km radius of the CBD where you can still buy a house for less than $500K – Sydenham & Tempe. You just have to put up with a bit of aircraft noise… You have […]

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Apartment values growing faster than houses

In September this year, RPData released national property growth figures that showed unit growth had caught up to that of houses around the beginning of 2008. They maintained a level growth rate for several months and since the middle of last year apartments have consistently exceeded the rate of growth of houses. “The equivalent level […]

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Strata levies – low levies can be a false economy

Sometimes when pensioners or investors dominate the ownership of a building or complex we see historical pressure to keep strata levies low. The discretionary portion of the levy is the sinking fund contribution, so when building issues arise, or upgrades are required, there is no money in the pot. So, what happens next? Either the […]

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