See my thoughts at Domain here (or click the article preview image below).
New Farm is a super location.
I've lived in the suburb for a couple of years, and it just gets better and better as a place to live for young professionals.
In fact, I just bought and renovated a large established apartment there, for investment purposes, with great views in two directions.
If you can buy something that needs a cosmetic renovation, such as adding a new kitchen, bathroom, air conditioning, carpets, or repainting, then you might be able to add some capital value (if not rent in the current market).
In particular, look for a point of scarcity, such as city or river views, or some outdoor space.
Stick to flood-free locations, boutique blocks, and whatever you do, don't buy into a complex with pernicious body corporate issues!
Domain reported that apartment prices in the City of Sydney increased strongly over the year to August, up by +13.6 per cent.
Unit rents in the City of Sydney also rose very sharply, up by+6.7 per cent.
If you can buy something that needs a cosmetic renovation, such as adding a new kitchen, bathroom, air conditioning, carpets, or repainting, then you might be able to add some capital value (if not rent in the current market).
In particular, look for a point of scarcity, such as city or river views, or some outdoor space.
Stick to flood-free locations, boutique blocks, and whatever you do, don't buy into a complex with pernicious body corporate issues!
Domain reported that apartment prices in the City of Sydney increased strongly over the year to August, up by +13.6 per cent.
Unit rents in the City of Sydney also rose very sharply, up by
