I am potentially looking at expanding my portfolio soon and was considering a block of units. I'm still only in the "learning phase" as I'm not overly familiar with purchasing multi-dwelling investments.
I happened across this block of units and without looking any further than the actual ad on re.com.au I was wondering if there is anything obvious, or not so obvious, about this block that is making it so cheap? It really does seem too good to be true.
http://www.realestate.com.au/property-unitblock-vic-brunswick+east-107492582
TIA!
评论
Yeah.... that does look rather cheap!!
The Y-man
评论
hmmm maybe they left a 1 off the beginning by mistake
1.4 mil
评论
I am thinking 430k each, as looks like median unit price in suburb is $450k mark. Not sure about you Kesse, but ten of these @ that price would drastically expand my portfolio ;-)
评论
jacbmw said: ↑
I am thinking 430k each, as looks like median unit price in suburb is $450k mark. Not sure about you Kesse, but ten of these @ that price would drastically expand my portfolio ;-)Click to expand...I was thinking each too but reading the description -->
"PRICE REDUCTION "THE BLOCK" OF TEN - "BLYTH CENTRAL"
This is your chance to buy a whole "blue-chip" block and benefit from the block strategy as shown on TV. Ten large two bedroom apartments (approximately 8-9 squares), all with large courtyards or balconies and thirteen carparks (three units with two carparks) on a large 1050m2 block that has possibility for development (S.T.C.A.)"
I can't read it any other way except that the price is for the whole 10???
Maybe like Alex said they've put the comma in the wrong place or left off a digit but the add has been amended since I last saw it and the price hasn't risen.
评论
it's each, for sure.
or the decimal is in the wrong spot.
评论
Yeah I know that company, they are selling each individual unit separately.
评论
From the ad:
1-10/100 Blyth Street, Brunswick East, Vic 3057
$430,0000.00
Look at the whole figure. All the digits are correct, but the comma is in the wrong spot - and there should be two of them. The price is $4300000, or $4.3m.
Clever trick.
Well, it got us all looking, didn't it?
Marg
评论
marg4000 said: ↑
From the ad:Of course, looks so obvious now! Very sneaky. Thanks for that Marg.
1-10/100 Blyth Street, Brunswick East, Vic 3057
$430,0000.00
Look at the whole figure. All the digits are correct, but the comma is in the wrong spot - and there should be two of them. The price is $4300000, or $4.3m.
Clever trick.
Well, it got us all looking, didn't it?
MargClick to expand...
评论
Kesse said: ↑
Of course, looks so obvious now! Very sneaky. Thanks for that Marg.Click to expand...Yes well spotted Marg, it's the old 430 ten thousand dollars trick, not 43 one hundred thousand dollars.
评论
When you get to be as old as I am, you will all be cynical too!
Marg
评论
ohhhhh 4.3 haha
评论
seems an ok price for a block in brunswick. although with the median for units at 450k I would try for a larger discount not much change aft all costs at 430k each
评论
Advantage try and buy these and sell them off seperately. They try and make $12.5k each unit but if they cant get it off the ground they need to sell it as 1 lot.
Or they are just acting for the seller on normal comms
评论
i like the fact that it has Brad Teal's floorplan though!
