There is an off-the plan property for retirement home on sale (ready in October)merrimec, QLD. On paper it is 8.5% return.
Is investing on a retirement home a good investment?
Thanks
AlexHi Alex,
Most lenders do not like these and will only lend to around 70%. As such they ‘suck’ more of your equity/cash than you would otherwise need in a standard property.
Because of this many investors will steer clear of them and resales (and consequentially growth) becomes somewhat problematic.
Also recommend you do a search as this topic comes up quite frequently. Top left side under ‘forum boards’ button.
Derek
[email protected]Property Investment Support Available.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
