How many bedrooms does the apartment have? Would you consider renting out the unused bedrooms as a means to help with the monthly repayments?

Reply to article

For original story, Click Here.

Apartments are a poor investment and will underperform over time due to their land value component being so small. It's land that goes up in value over time so for this reason it's reasonable to expect an apartment to underperform. Then there is opportunity cost. If your money is tied up in an underperforming asset, you're missing out on the money you would've made if it was put to work elsewhere. So all things considered, sell the apartment and with the next property purchase, make sure you can comfortably afford it and make sure it has a land component ie don't buy another apartment.

Reply to article

For original story, Click Here.

Oh my. Even just looking at this post is stressing me out and I'm not living it...What about a second job around your current job to boost cash flow? Anything that would suit from delivering pizzas, Uber driving or possibly teaching film casually could help...

Reply to article

For original story, Click Here.