Why I Would Never Buy This Property for a Client | WHAT DO YOU THINK, CHRIS? | Episode 79

  • 3 years ago

6/157 Brook St Coogee

https://www.domain.com.au/6-157-brook-street-coogee-nsw-2034-2016898320

Sold for $1.35m

Rent $695pw = 2.7%

Pros-
* Art Deco apartment with views
* Stroll down to Coogee beach, shops, cafes & transport
* Large entertainer’s terrace
* Renovated bathroom
* Small block of 8

Cons –
* WE would never buy this – it’s too small at 60 sqm for a 2 bedder with NO PARKING
* We would use this property as an example when speaking to clients to show them what our expectations are and what real budgets they need for blue chips suburbs

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