PROS & CONS - Buying into Units in Heritage Listed Buildings

Discussion in 'What to buy' started by Phil Usher, 28th Jan, 2017.

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  1. Phil Usher

    Phil Usher Member

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    Hello,

    Could someone list some pros and cons about buying units that are in heritage listed buildings in Brisbane?
     
    Phil Usher, 28th Jan, 2017
    #1
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Cons
    Finance restricted
    Ability to find buyers thereby restricted
    conveyancing more complex
    restrictions on what can be done to them

    Pros
    Maybe slightly cheaper

    Edit - i misread the question so have edited my response
     
    Last edited: 28th Jan, 2017
    Terry_w, 28th Jan, 2017
    #2
  3. Scott No Mates

    Scott No Mates Well-Known Member

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    Heritage properties are exempt from land tax.

    @Gockie might add her 2 cents but hers is a character home not listed.
     
    Last edited: 28th Jan, 2017
    Scott No Mates, 28th Jan, 2017
    #3
  4. sash

    sash Well-Known Member

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    Some people have bought heritage listed properties thinking they are undervalued compared to the broader market....great if a PPOR and an emotional buy...but very poor investments in my view.
     
    sash, 28th Jan, 2017
    #4
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