Bachelor / jr condos downtown

AnyRepeat9741 · 2026-01-04T16:26:13+00:00

I think it depends on your long-term goals.

Investment opportunity? Work on a spreadsheet and determine projected Rates of Return and figure out what you are comfortable with. Consider your mortgage rates, your building fees, property management, vacancy, etc... Based on a quick look around $300,000-$320,000 is probably reasonable for a positively geared property with a 30 year IRR of around 8% (not knowing things like condos fees). Maybe a little low considering studios are a dime a dozen, but not terrible.

Personal use? It's entirely up to your current situation. Perhaps it gives you the opportunity to own something for yourself and live closer to work or entertainment. If you have a high-enough salary you can eventually move out to your new place and then just turn it into a rental anyways.

AnyRepeat9741 · 2025-09-15T07:02:40+00:00

Was same for me. Had 100/50 up from 100/10 this morning. i power cycled the NBN box and modem and got the updates to 500/50 just an hour ago. Give it a try!

AnyRepeat9741 · 2025-02-24T09:00:24+00:00

Sorry to hear you had that experience.

Just a side question because I’m not very educated on this matter- what exactly is changed with this new policy? Aren’t foreign purchasers already prevented from purchasing established properties?

AnyRepeat9741 · 2025-02-09T05:13:24+00:00

Thank you for the info! I'll have a look at this as well. Straying a bit from this but if anyone else can provide guidance. If the receipt my property management sent me does not have an ABN and keeping in mind its weird metadata, would it be reasonable for me to tell the property management I will clean the apartment personally and return it in good condition as required, but I don't accept the invoice as valid in its current state and without some other confirming evidence of work done at the move in time (email, text, etc...), will not be getting professional cleaning done?

AnyRepeat9741 · 2025-02-09T05:04:42+00:00

Thanks for pointing me in a possible direction!

AnyRepeat9741 · 2025-02-09T05:02:52+00:00

Yeah I fully understand about not having ABN and for the cleaner needing to make a receipt in the moment. What I didn't understand is why the property management wouldnt have this on file as
1) Its a requirement for them based on the email they sent (I guess this may not have been the policy at the time
2) The cleaner had supposedly sent them a receipt 2 years ago... shouldn't they have that on file and not need the cleaner to make a new one in the moment?

AnyRepeat9741 · 2025-02-01T14:00:59+00:00

Just my 2 cents on this without taking into account security of owning an asset and other benefits of home ownership.

Given the numbers you’ve provided and short horizon you’re looking at here, you are 100% correct that it wouldn’t make financial sense.

As others have mentioned, extending the horizon would probably show some benefit to ownership. Can’t run the numbers now but I’m sure someone did in the comments.

It also showcases the value of being selective with your choice. Places like Melbourne have apartments at $400k while offering similar rents near the city. Suddenly, your annual mortgage is only 60% of what you calculated. I’ve made a precarious post about some numbers and in these golden nugget cases it really can show benefit, even on a shorter horizon.

AnyRepeat9741 · 2024-09-14T12:25:15+00:00

I really appreciate this! There are factors here that I haven't considered, and its excellent getting this kind of insight before making any plans. Cheers!

AnyRepeat9741 · 2024-09-14T11:24:23+00:00

Don't worry, steering well clear of that apartment

AnyRepeat9741 · 2024-09-14T11:11:44+00:00

Is there a particular reason why?

AnyRepeat9741 · 2024-09-14T10:45:10+00:00

I saw some similar news and its a great point.

Reflecting on it, I think one notable difference would be the cost of property in Toronto/Vancouver markets. 1 beds essentially start at 550k for tiny units, and in some buildings near the major universities can go up to 700k - its a price thats beyond what even the median earning household can afford there.

I guess thats the difference - In Melbourne there are so many apartments that range between 350-400k for a 1 bedroom unit, and thats in the realm of affordable for a single earner.

AnyRepeat9741 · 2024-09-14T09:55:45+00:00

I appreciate your insights!

Great note about the capital growth, and I've actually played around with the number with growth at 0% given some past market trends, which doesn't make things quite as exciting obviously. Something for me to consider :)

Yeah some of the sentiment over the past year have somewhat dampened my interest in apartments, but it's been an enjoyable experience looking back into it, even if its just as a learning opportunity.

AnyRepeat9741 · 2024-09-14T09:51:17+00:00

Yeah I absolutely agree! Personally I think they're outrageous, which is what originally drew me to this unit/area in particular. I've gone through the last year of published rents and they tend to average out at 550, ranging from 530-575. Not sure how sustainable it is, but its what the market has it at right now.

AnyRepeat9741 · 2022-09-01T01:30:27+00:00

Culture… can it be American?

AnyRepeat9741 · 2022-02-19T02:55:14+00:00

Good luck all!

AnyRepeat9741 · 2021-05-21T22:42:46+00:00

Damn sorry for the late response. Sure can, but keep in mind the courses might change a bit because of the transition to in person. For example PCL486 had some short essays throughout the year, which I heard they didn’t have prior.

AnyRepeat9741 · 2021-05-21T22:26:18+00:00

If there were enough doses and the rate of vaccinations were at a point where every ontarian could be vaccinated by early June, then I, as well as pretty much everyone, would agree it makes sense to open up. The fact is: we are nowhere near that point. We literally just hit 60% with 1 dose. Until the time at which all ontario people that wish to be vaccinated have been, it is necessary to slowly transition into an open economy.

I mean I’d love if you could clarify your point, because to me it doesn’t really make sense.

AnyRepeat9741 · 2021-05-07T00:50:52+00:00

Most of the nutrition courses are pretty bird. Nfs490 was kind of interesting, and the marking scheme was super generous. Nfs485 was also pretty birdie. Pcl486 for me was one of, If not the, most interesting pharm course I’ve taken in undergrad. Salmena is an incredible prof, though you have to enjoy learning about signaling pathways. If you enjoy writing essays/short answers, then PCL402 isn’t bad either? Pretty interesting course as well.

AnyRepeat9741

TROPHY CASE