PeterMac_2 replied to the topic Retirement units in the forum The Treasure Chest 21 years, 2 months ago
My first IP has just settled and it is a 2 unit retirement property with Sunnycove in Qld. The purchse price was $183,250 (including furniture) and the Bank of Queensland valued the building only at $178K. The furniture package is $8,800, so I was in front even before we settled.
If you are buying to hold, it doesn’t matter if the growth is…[Read more]