The art of buying property within Australia’s CBDs
Inner city high-rise living may be an exciting proposition but getting the apartment purchase right is loaded with challenges.
Living in a capital city CBD can initially appeal for cost and lifestyle reasons but there are many hidden potential pitfalls to look out for before committing to an apartment purchase. (Image source: Shutterstock.com)
The appeal of living in the heart of a capital city is huge for those seeking a city-dweller’s lifestyle but there are many elements that buyers need to be mindful of before they sell the cars and give away the lawn mowers.
The first relates to lender scrutiny.
The banks may prove a little less enthusiastic about the city life when it comes to handing over the loan money.
Lenders are sensitive to floor area minimum sizes, and it’s a common pit…
