Hi Derek,

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

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

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)

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

cheers

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