What is your St Kilda Apartment Worth?

The discussion about apartment values is so interesting as unlike some other assets no one can definitively answer the question down to the last dollar.

The debate about apartment values can go around and around comparing one apartment to the next and dissecting all the variations like, floor plan, design, aspect, size, location, finishes, features, etc. It is always interesting how people weight each attribute differently to arrive at a value. ie. the value to them – not the general market.

Even when an apartment does sell (so hence the true value is revealed) the discussion continues about how the sale price was too high or too low, and how they should have bought it, or someone else should have bought it. (human nature is a funny thing).

So how do you know what your apartment is worth? Read on or download the free ebook below to read more about it.

Fortunately, the market is more transparent today than it has ever been with most sale results available on property web sites.

You can search sold properties of certain criteria and see exactly what price they sold for. But unless you know all the detail about that apartment and especially the things not on a web site, (like the quality of the views, the true size of rooms, overlooking, etc.) you only have part of the story.

There is no short cut to finding out what your apartment is worth.

You should take the time (like a potential buyer does) and inspect other apartments being offered for sale to understand what features the market values and what it doesn’t, and then compare that to your apartment. Keep a record of the details and sale prices to build a basket of sales evidence over a period of time. Alternatively, speak to an apartment agent who does this every day and get their view.

Like what you’re reading so far? Download our e-book below to read the complete guide.

Finding out how much your apartment is truly worth can be tricky.

We’ve put together a guide for you with everything you need to know about the value of your apartment.
Need professional help? We’ve got you covered.