Often when people tell me about the investment unit they’ve recently purchased, they describe how beautiful it is and detail the list of impressive amenities in the building. While it brings a smile to their face, it often brings a worried look to mine. This is because they often see these amenities as a benefit and great selling point; however I see it as a liability and a good reason not to buy. So when it comes to strata fees, how do you know what to look for?

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Everyone loves a bargain, and a bargain in a property hotspot is even better. A cheap property in a booming area can seem like a great buy as it provides an affordable starting point into the property market and a way to gain immediate equity. However, these bargains may only be profitable in the short term. Investors need to keep the longterm gain in mind.

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I am a firm believer that when it comes to property investment there isn’t one single ‘right strategy’ that suits everyone. Choosing a successful strategy should come down to your personality and, to end with the most positive result, the following should be taken into consideration: your attitude to risk, time availability, skill, and financial circumstances at that time.

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