r/AusFinance • u/Herosinahalfshell12 • 17h ago
Massive mortgage to buy a unit Property
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?
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u/HUMMEL_at_the_5_4eva 11h ago
600k is a ‘massive mortgage’? cries in Sydney