Hi all as I started this post I think I should fill you in on what has happened since, bye the way thanks for all your comments, I visited withAlastair Browne today part of the Conrad Properties Pty ltd group, they currently are working out of a small very hot office in Sydney, Castlereigh Street, this guy had just moved over from NZ to flod these apartments off, can you believe the bloke was a bit hung over, I could smell it all over his breath, apart from this he was auite nice ( most kiwi’s are).
Heres the deal
off the plan selling, completion date is Jan 2006, prices range from $230,000 – $360,000, consists of 300 apartments situated slap bang in the middle of Auckland CBD, close to Uni, Aotea Centre (similar to Sydney Entertainment Centra) Auckland Centre Point Tower, K Road similar to Kings Cross etc, great location. Auckalnd growing at 5% per year very similar city to Sydney but smaller and not as naughty.
Body corporate fees of $1800 per annum, $400 per week rent, apartments are not serviced, they have agents who will finds tenants for you, on site property manager, swimming pool, gym, shops etc all on site, they say banks will lend up to a maximum of 85% of purchase so by completion in 2 years you must have 15% equity (which they think is no problem) or have avaliable funds. Deposits bonds are avaliable whereby you can borrow from any equity you have in property to close the deal, he didn’t come across to pushy, probably because he was burping and saying sorry all the time, let me know your thought on this one, I respect all your oponions.
Steve
]hi stevefazak
]hi stevefazak
