Investing in older units carries growing cost of maintenance and upgrades
OCN Executive Director2025-05-15T10:39:56+10:00Investors looking to purchase apartments are being advised to exercise extra caution in light of a new report indicating that nearly half of Australia’s strata buildings are over 25 years old, with a growing need for maintenance and upgrades. “You wouldn’t buy shares in a company without first looking into it and the foundations it was built on, so you shouldn’t buy an apartment without doing the proper research either. “That [...]