Gerry replied to the topic Dual Key Apartments in the forum General Property 20 years, 8 months ago
Thanks for the information, the figures I received were a bit of an eye opener, $19000 profit if both apartments are booked 100% of the time at $540 per week (combined). The unit cost is $330000 approx and the repayments on that could be $27000 per year. Depreciation may square it up a bit but you would not want to many empty weeks. Gerry
Gerry replied to the topic Townhouses and Body Corporate in the forum General Property 20 years, 8 months ago
Thanks for the info, I am looking into a few different investment options, but it looks like houses with property managers is the most simple realestate investment option. Especially when you live a long way away from your investment property. Thanks again.
Gerry