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Hi Blue
I am a victim of Silverwater Resort too. Do you know if anything is being done about it or if anything can be done? Would appreciate your comments. My financial reserves are running out.
ElaineBlue1 wrote:We bought two properties through ParkTrent and neither have been stunning successes. In particular, the latest purchase, of an apartment in Silverwater Resort, VIC, that ParkTrent placed us onto – and they gained much commission from – has failed dismally. The guaranteed rental of over 6% is now less than 2% and falling !! ParkTrent have 'given up' in trying to get the additional rental from the resort management and no concern for the many investors who are now severly out of pocket on a monthly basis.Overall, don't put all of your eggs in one basket – our DHA property has done much better than ParkTrent and no worries, wished we had bought another DHA property rather than listening to Ron Cross and his Park Trent company staff.
You need to make your own mind up, but I would advise to leave ParkTrent well alone.
Happy to discuss above with the moderator if these truthful comments are 'too risky' !!
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