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Units for Sale McDowall and Everton Park

Units for Sale McDowall and Everton Park

The market place currently is flooded with units for sale, units out number houses for sale in the McDowall, Everton Park areas.  Some represent really good value within the current market.

On the week-end buyers shyed away from the unit open homes however they appeared in droves for those homes within the first home buyer price range.

Units are a good entry level into the market place.  With the glut of supply within the market don’t be afraid to make offers on properties.  Many sellers are eager to sell and will listen to offers.

Units for Sale McDowall and Everton Park

When purchasing a unit or townhouse makes sure you purchase within a complex that has a healthy sinking fund.  What is a sinking fund you ask?  Unit and townshouses are usually within a community title complex.  The complex is managed by a body corporate this body corporate can be self managed i.e. by the owners or by an external company.  The body corporate manages all the assets within the complex.  Therefore they pay for insurances, building maintenances, pool and gardern maintenances etc.  The fees involved in this are divided into two parts.  Adminstration and sinking funds, sinking funds are the funds which are accumulated to undertake any manager works e.g. painting, pets control etc.  Therefore it is wise to have a healthy fund that will meet these expenses when required.

On the other hand make sure that the body corporate fees are affordable and you budget them into your financial goals.  Remember body corporate fees and rates are an added expense as well as your loan repayments.

If you need more information ask Madeleine by leaving a comment and I will get back to you.

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