Value of Units

Abraham#1 Posted : Saturday, 12 January 2013 12:59:40 AM
If I have a unit and there are new units and apartments being built within the area close by within the next few years, will they have an impact of the value of the unit?

  • Eos Property#2 Posted : Saturday, 12 January 2013 12:17:22 PM

    If the new units are comparable to your units they can influence the value of your unit. A valuer/agent will analyse comparable sales in the area to help them determine what your property is 'worth'.

    Generally speaking a key issue with units is they track the market as individual unit holders are often unable to make 'improvements' to their property to fast track any increases in value.

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