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Westmead, NSW 2145 Review
Sam2018
Westmead
I have 2 bed apartment in Westmead Sydney. We purchased this approximately 8years ago for 380K. For the past 7 years it has been rented out and for past 2 years rented at $480 p/w. Tenants have left last week, agent says the unit needs painting, flooring and blinds in order to get a decent tenant in at this same price. Agent says market is bad for old apartments. I am paying strata of $1100/quater.
My question is, shoud I consider selling the unit or find tenant. Currently it’s valued in the low around 550K. 18 months ago it was valued around 600K. Should we just cut our losses and sell the unit in the current market or wait for the market to turn back up again? At the risk of more issues/ defects arising In the unit complex?
4 Replies
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12D ago
Roma
Anuj
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