Over the last fortnight, the sales team @ Real Estate have noticed an increase in apartment and unit enquiries. These enquires appear to be across the board, starting with a 6th floor studio unit with stunning views in Bayview Tower for a bargain price of only $120 000, a popular holiday unit in Rosslyn Bay Resort offering a strong rental return for only $175 000 to a glamorous 3-bedroom apartment in Oshen’s Apartments with stunning views over the Yeppoon foreshore to the Keppel Islands for $695 000.
There is only one noticeable similarity with these buyers which is all the serious unit and apartment buyers are from out of town, some are even making offers sight unseen. Out of town buyers are drawn to the beautiful Capricorn Coast with our stunning natural beauty and perfect climate and of course growing economy and affordable property prices. Units and apartments become the natural choice for out of town buyers, keen to maximize returns and minimums the hassles such as maintenance.
When purchasing a unit or apartment, it is recommended for to ask the agent for a copy of the body corporate discloser statement to confirm vital information about the strata fees and more, confirm the couple rates, are you able to holiday let to apartment, if so what are the coasts and likely / past returns and how often are owners permitted to use the property, are you able to owner occupied or have lot term tenants? Dose the apartment come furnished? It’s also a good idea to ask your solicitor to read over the contract and supporting documents before you sign. Buyers also need to be aware that lenders will sometimes have different criteria for unites and apartments, especially when it come the smaller studio units, so always consult your lender before making an offer.
The @ Real Estate sale team have some great systems in place to assist out of town buyers when purchasing in the area, including details buyer’s information packs available in soft copy by email which is especially helpful for unit and apartment buyers, easy to use online marketing, and the ability to email contracts.