NT Time to invest Darwin CBD units now?

Discussion in 'Where to Buy' started by tim119, 19th Mar, 2021.

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  1. tim119

    tim119 New Member

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    Many 2+2+2 units sell under 400000 in Darwin CBD, especially new CDU campus under construction now. is that the good time to buy? the houses market already very hot in Darwin
     
    tim119, 19th Mar, 2021
    #1
  2. hammer

    hammer Well-Known Member

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    Nope!!! The body corp on those things make any investing unfeasible. Do. Not. Do. It.

    Buy a ****** townhouse in Stuart park or parap. Something with a courtyard and made of Besser blocks. Apply paint liberally and rent that out instead.
     
    hammer, 19th Mar, 2021
    #2
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  3. tim119

    tim119 New Member

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    Location:
    Darwin City
    Thanks for your suggestion, yep, the body corp like 1500 per quarter, cazy money
     
    tim119, 19th Mar, 2021
    #3
  4. hammer

    hammer Well-Known Member

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    1500 per quarter is Ok. A lot of them are 3-4k per quarter.

    Anything with a lift will be 3k or more. Usually much more.

    Also when the tide goes out again (which it will -its Darwin) high rise units drop precipitously in value.
     
    hammer, 19th Mar, 2021
    #4
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