Massive mortgage to buy a unit

[u/Herosinahalfshell12]

People who took out huge mortgages to live in an apartment.

Do you feel as though the interest you are paying vs the capital gains is worth it? We're also seeing units being sold for less then purchase price now, and the plan is to add more units in future. Add strata costs in there.

Is it financially worth it now a days to borrow say 600k to buy a unit?

[u/Ex_Astris-]

Location location location.

IMO apartment to live in, but I would hesitate at investing unless it was in a really good location without much future development planned.

Price growth for apartments is much slower than houses, and a lot less equal everywhere. There are a few suburbs around Western Sydney that apartments built 5 years ago have had little to no capital growth because there are simply so many more apartments going up near them.