As far as land content it has 300 rooms and is located on over 19000m2 of absolute prime water front land in the CBD of a capital city. So technically it has approx 60m2 land content of CBD land at approx $2500 -$3000 per m2 = $147,500 to $177,000

It comes out at 10% gross yield, 7.6% net yield with great rental growth.

Im not after an active…[Read more]

The hotel has it in a leasing pool they pay all outgoings except rates and insurance.

I own would own the unit and its contents. But they have an ongoing agreement that they will refurbish it while ever it remains in the pool.

The Hotel is the tennant for me.

It has a 10 year history of strong sustainale increasing returns.

BNB yields 1.2% and only has 38% franking credits ie little tax advantage. Its trading at a PE of over 100. Its only a matter of time till youget burnt my friend. The share market is rediculously over priced at present largely due to compulsory super contributions.
It has a nasty habit of regression to the mean. And when it corrects its stocks…[Read more]

I hear what your saying about land component, but thats only a one of amny strategies. And I know land appreciates while building depreciate. If land component was the only way to get Rich than why does Robert Kiyosaki own almost 90%+ units rather than houses and twnhouses.
So given this bulding was built in 1996 and 9 out of 10 years rent has…[Read more]

I hear what your saying about land component, but thats only a one of amny strategies. And I know land appreciates while building depreciate. If land component was the only way to get Rich than why does Robert Kiyosaki own almost 90%+ units rather than houses and twnhouses.
So given this bulding was built in 1996 and 9 out of 10 years rent has…[Read more]

Marc where and what type of properties are you buying for $150K with $200+pw rent. Ive found one but want to know your thoughts.

Your marginal tax rate if youve owned it for less than 12 months.

Half your marginal tax rate if youve owned it over 12 months.

Be careful if your cutting it fine its not 365 days. Check the latest ruling at ATO.

Wide bay have advised me that they:

would consider an 80% lend on apartments in Brisbane 50m2 – given that the units have a separate bedroom, kitchen, lounge room and bathroom.
If the units are more along the lines of self contained units similar to student style accommodation or units where there is no bedroom or the bed comes from the wall we…[Read more]

Very True. You will lose in NSW. All residentual tennats are covered under the tribunal and act. Landlors must set a rent and cannot pass on anything above the rent except water.

You watch how quick people come on here and bag serviced apartments. But i take an entirley different opinion.

They are cheap, low maintanance in most cases and generally easy to find CF++++++

The down side is limited capital growth and if the leasee or mgmnt of the building goes belly up or moves out there are so many parties involved that…[Read more]

I also need to know who finances serviced apartments at 60%+ LVR as i have found a couple to purchase but because they are <40m2 i cant find a lender to finance them at a decent interest rate, even despite an excellent credit record and position statement.

Virgin offer 70% for serviced apartments over 40m2 but i need to find soeone who will lend…[Read more]