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My father and I own a taxi license here in brisbane. The capital growth has been very steady and the leases are generally for 2 years with a constant stream of drivers ready to take over if needed. We purchased in a year ago for 350,000 now they are averaging around about 390,000 from what I understand.
steady growth + steady income = solid investment
plus there’s no bull<edited> property manager fees or constant “fix/repair” fees. just a $150 per year registration fee.
Be warned though, there are alot of taxi syndicates out there who are willing to pay a hefty premium on taxi licenses.
Yes .. there are plenty of mutual/managed funds in australia that will make 12+ percent easily … the average australian property fund should have a net return of approximately 15%+ or more based on the last 10 years or so. at many will allow you to start with a $1000 investment.
I recommend joining investsmart.com.au or comsec.com.au they will rebate any entry fee and investsmart will actually split there commission incomes with you .. now that’s an awesome deal ..
