Investing in older blocks?
They’re deemed to be a better buy than newer builds but you need to be diligent, writes Nila Sweeney.
Older apartment are hot property again as buyers fret about the building quality of new builds after the well-publicised Opal the well-publicised Opal and Mascot Towers debacle.
Fans say older apartments are structurally more sound having passed the test of time and all potential problems are already out in the open. Buyers can ‘see’ what’s wrong with the building before they buy into it.
Thanks to Nick Warland | WA Policy Advisor | Property Council of Australia