Hi all, just deciding whether to invest in a 1 or 2 bedroom apartment in a suburb such as; Prahran, Windsor, St Kilda East, St Kilda or Elwood.
I am only looking at the older blocks which are smaller in size and nothing OTP.
Is there likely to be considerably more capital growth in a 2 bedroom apartment in this area compared to a 1 bedder?
The rental yield appears better for 1 bedders at this stage hence my thinking to go for a 1 bedder, however I am happy to deal with the worse yield if over a longer period of time a 2 bedder would strongly outperform a 1 bedder in growth
Thoughts?
I am only looking at the older blocks which are smaller in size and nothing OTP.
Is there likely to be considerably more capital growth in a 2 bedroom apartment in this area compared to a 1 bedder?
The rental yield appears better for 1 bedders at this stage hence my thinking to go for a 1 bedder, however I am happy to deal with the worse yield if over a longer period of time a 2 bedder would strongly outperform a 1 bedder in growth
Thoughts?
Capital Growth of apartments in these suburbs
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