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strata property

Thinking of Buying a Strata Titled Property Investment?

Investing in a strata titled property can be a smart move, because it’s often an affordable way to enter the property market. Occasionally, we get asked about the pros and cons of doing this, so here’s a list for your consideration: Reasons why you would buy a strata titled property: The cost of a strata titled property is often cheaper than buying a freestanding house Maintenance of the building is taken care of automatically via the strata levies, which are usually paid every three months The strata manager takes care of much of the property maintenance, so you don’t have to get as …

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strata titled property

Why not consider buying a strata property as an investment?

Generally, when compared to buying a house, a unit with a strata property title can often mean lower maintenance and repair costs than a house with land, as these costs are shared by other owners in the block Strata property can be wise investments, but there are some key considerations to keep in mind. Consider the following when looking at a strata property for investment: How much are the strata property levies These can vary tremendously depending on the development, the management, the number of units sharing the cost, and the level of maintenance and repairs required. These fees can …

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strata property
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