Strata levies now an important factor in purchasing decisions.
Astute investors know the importance of factoring-in on-going strata levies when making purchasing decisions, and this knowledge played a role in the recent sales success of Alpha and Omega at Glebe.
Within three weeks, 34 of the 40 apartments sold, primarily to investors.
Alpha and Omega are twin four-level buildings at 39 Greek Street without any expensive recreational amenities or high maintenance facilities, which means extremely low strata levies.
“Judging by the demand there are plenty of investors still looking for affordable property with low on-going costs,” said Peter Shield of Ray White Erskineville. “Strata levies can be a trap for inexperienced investors.”