Has anyone here had any experience or knowledge of investing in retirement units.
My searching has revealed several potentially cash flow retirement units. i.e 4 units costing $300,000 in total that return $600 per week.
Is there a catch?
What are the management charges usually like? Are there usually other fees such as body corporate fees?
I notice that there are quite a few comunal areas such as games room, dining areas etc.
Any help would be appreciated.
Check all outgoings and maintenance very carefully, they tend to be quite high, especially if a lot of common area and because ret.units always have to offer a lot and look good., how liquid is it if you want to at any stage resell?
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