Episode 58: What to consider before purchasing an apartment off the plan

apartment building

It looks like the inferior apartment developments built in recent decades are creating a major issue for property investors. Headlines are warning buyers to avoid purchasing modern apartments like the bubonic plague.

Other reports state over 3,400 apartment buildings across Australia had defective, non-compliant, combustible cladding installed, and would require remediation work just to make the building safe. 

Of course, this news puts the construction industry in a bad light, and it’s a wake-up call for purchasers thinking of buying off the plan. Listen in for our discussion on the pros and cons for purchasing off the plan. 

This Week’s Investor Exchange Round Table Covered:

  • Joel discusses the yield curve inversion in the U.S. Treasury bond market and the concerns it’s causing. Listen in for more on the inversion and what it could mean. (24:00) 
  • Louis describes a 90-day reflection and goal-setting practice that can help you clarify your thinking around your finances and overall lifestyle. (39:50)

 You Cannot Be Serious:

A CEO saw an intern wearing airpods fired him on the spot! He was wondering why he was wearing airpods when he is an unpaid intern. Not only did he do that, but he went on LinkedIn and told his network all about it saying airpods are reserved for his “core team”. Awkward…

Porthcawl, a seaside town in Whales is planning to install public toilets that will prevent occupants from using them to engage in sexual acts by spraying them with water and sounding an alarm!

Listener Questions:

Write in to get your investment and wealth management questions answered by Joel, Brett and Louis.

Ask a Question: https://theinvestorexchange.com.au/ask/

Join the Conversation: fb.me/theinvestorexchange

The post Episode 58: What to consider before purchasing an apartment off the plan appeared first on The Investor Exchange.

Listen Now

Recent stories

Switching home loans

Refinancing your home loan to take advantage of a lower interest rate might save you money. Before you switch, make…

Read more

Tips to help make 2020/2021 tax time easier

It’s been a year of change like no other and that extends to tax and superannuation. As the end of…

Read more

The importance of having a will

While it’s not something anyone likes to think about, planning your estate may make things a little easier for your…

Read more

Fears and expectations

By Richard Dinham, Head of Client Solutions and Retirement For many, the word ‘retirement’ is associated with the idea of…

Read more

Savings accounts

Savings accounts help your money grow faster by offering a higher interest rate than everyday transaction accounts.  Get the highest…

Read more