Forum Replies Created
Thanks for the feedback, in the original concept the $20,000 that is paid up front would be recouped by the developer when he received rent during the year.
We have found that the body corporate fees and council rates are what inevestors did not like as it took a bite out of the net result. by agreeing to pay these fees increased the net return by nearly 1%.For more information go to http://www.whitsundayproperty.com.au/grove.htm
Steve
Thank you for everyones input, we have had great sucess selling this developement and have manged to secure 7 sales in the last 6 weeks. I took the advice of Mark and offered a better deal over 2 years. offering body corporate fees and council rates paid for 2 years, scrapped the rent in advance and gave a solid analysis of the performance of the first 2 stages taht showed rental return in the vacinity of $20,000. By offering the fees paid fo 2 years in it lifted the net return from 4.5% to 5.5% which was good. We have alos benefited from the new $21,000 first home owners grant with 17 enquires in the last 7 days.
Thanks again for your advice.
