Over the weekends, I have been hunting for a property around Sydney. I wanted somewhere which is prime, and if I have decided to go back to Malaysia, I can either sell it or rent it out. However, in Sydney rite now due to government grant (motivate more buyers) the race for a property is kinda crazy. The million dollars houses have come down but not those middle income's properties.
I saw a few I thought I like but within a week, these properties was snapped! Then I came across this property in St Leonards, which is very near to my office and train station. I saw the completed Phase 1, however for Phase 2 is only ready in mid 2011. So basically I am buying off the plan.
I check on the developer with the locals here and they seems to be reputable. And visited the location twice and immediately I think it's a very good and quite area. I have even visited friend's apartment a 2BR in a more working class suburbs, however, they quality and ambience is really different. You have to be there to experience it.
I have to decide to place a 10% deposit n 14 days from now. And I won't have to pay till mid 2011 when completed. I was thinking to myself, even if later I change my mind I still can re-sell it especially this land is prime as well.
And the price, yes the price, is AUD 475K for 1 bedroom and 1 car space on the 3rd floor. It's considered steep, however, the units around this suburb cost as much as well. The next step, I have to go and ask a solicitor to check on the contract before I commited!
The apartment - http://www.australand.com.au/realestate/residential/NewApartments/NSW/StLeonards/default.aspx
3 comments:
Congrats!
Not easy to find a place, so a congratulations is in order when you find one :)
so, u dah commited suicide on this or not ??? banyak bulan no fun time for u lorrrrrrrrrr..hahaha :P
congrats, that is a good investment la....
satu bedroom saja? where is your guest going to sleep?
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