Hi Derek,

Do these type of apartments rise in value slower than say a tenanted apartment??

regards

paul

Hi Derek,

Would it be very wise to get a independant valuation done on it?????

regards

Paul

Hi Derek

Thanks heaps for your advice, much appreciated. If you could get a serviced apartment and, through a renatl agreement, be guaranteed rent for whole year, even if it was not rented out, would it make it a better option?? even though you may during peak times get less rent then it may be rented out for.

regards

Paul

rental agreement is for 12 mths and then has option to extend or go with australis

she bought for $260,000 and will get $280 per week gauranteed. I think the building is called soveriegn australis and is about 8 yrs old. Huge sinking fund but quite high body corporate fees ($80)

Why I ask is that a friend of mine recently purchased an apartment one bdrm at surfers sleeps six. Is on Level 3. She purchased it for 260,000. It is listed as 4 and a half star. This company which I have no reason to think of being dodgy yet are in the the business of buying property then setting up a rental agreement of 280 per week to fill it…[Read more]

ha ha Naah I dont think there aged??????

cheers

It is listed as 4 and a half star.

It is on ferry st (?) next door to the marriot, about 10minutes walk north of Cavill Mall. It is a small resort by the standards of up there, only about 8 floors high. It is a one bedroom apartment that sleeps up to six, has two balconies, one looking towards the Indy track. It is on Level 3.

regards

Paul