Hi everyone, I am new here just been lurking around reading mostly and first time posting. I need help on buying my first home. Basically a 1brd but unsure if I should go for older style (with some bathroom reno) or newly built. 1. https://www.realestate.com.au/property-apartment-vic-carnegie-133903278 (high density suburb) no balcony yard or laundry or bathtub, very low price for the area my budget is 400K or under Another one 1960s apts (low 300k value) with 8 in the block, again bathroom needs some work. My question is should I go for the older style (as they do have space) or should I buy a new build (more pricier around 400K ?) From what I can see the new apartments are not the best option Then there's the outer suburbs eg Clyde, Officer with an actual house builds if I want to stretch the budget, but would dislike the drive to work (around Springvale). Its just me so for a single person. If anyone can please advise?
Individual house and land is good. Location is good. (I don't like travelling to work either) New apartments aren't real popular on here. This type "1960s apts (low 300k value) with 8 in the block, again bathroom needs some work." seems to be the only ones liked on here. Good land ratio per unit? and you can value add. It's for you to live in. Don't expect much capital growth
Older apartments are not only good, they are typically superior to newer apartments. Buy something older that is a little tired that you can add some value to (to cover your downside and manufacture some upside). Stay off main roads, make sure it has a balcony and undercover parking, and you can use it as a stepping stone for bigger and better things down the line. Good luck!!
Thank you all for your replies, yes the townhouse is appealing & the 1960s one is actually off a major road although rear facing.
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