All Topics / Help Needed! / IP’s for student tenancy

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  • Profile photo of SweetSweet
    Member
    @sweet
    Join Date: 2006
    Post Count: 63
    August 5, 2006 - 12:50 am

    Hey all, just wondering what your views are on student tenanted IP’s. I have looked at some in Footscray in Melbourne, which is really close to Vic Uni. It seems all positive: students to tenant. Havent looked at the numbers yet but anxious to know what you guys think.

    Thanx heaps!

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 6, 2006 - 2:00 am

    If you are talking about a house, then I think it is a good way to increase yields. If a unit, or specialised student accomdation, then be much more careful.

    Terryw
    Discover Home Loans
    Parramatta
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    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
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    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of elkamelkam
    Member
    @elkam
    Join Date: 2006
    Post Count: 722
    August 6, 2006 - 11:05 am

    Hello Terry

    I understood your comment about being careful if it’s special student accomodation, but why if it’s a unit as opposed to a house?

    The reason I ask is that I own a unit which I am thinking of renting out by the room to students to increase the yield when the current tenants decide to move.

    Thanks in advance [smiling]

    Elka

    Profile photo of lifeXlifeX
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    @lifex
    Join Date: 2004
    Post Count: 651
    August 6, 2006 - 2:07 pm

    More yield. more work. Make sure you have the time, inclination and are in close proximity to the property if you truly want to take on the potential dramas.

    [juggle][juggle][smart]

    Live, Learn and Grow

    Lifexperience

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    August 8, 2006 - 3:45 am
    Originally posted by elkam:

    Hello Terry

    I understood your comment about being careful if it’s special student accomodation, but why if it’s a unit as opposed to a house?

    The reason I ask is that I own a unit which I am thinking of renting out by the room to students to increase the yield when the current tenants decide to move.

    Thanks in advance [smiling]

    Elka

    Hi Elkam

    I guess it was badly worded. Units would be ok, I am just concerned about those specialised complexes that rent only to students, these are restrictive and therefore hard to sell.

    Terryw
    Discover Home Loans
    Parramatta
    [email protected]
    Sign up to my mailing list.
    Just send me a blank email, with “subscribe” in subject line.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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