Hi all,
Just wanting to know what people opinions are on student accom in gold/sunshine coast as well as Brisbane. I were reading about how you can let out by the room to improve cashflow.
Anyone done or doing this ??I am doing it atm.
Give me a call and we can chat about my experience.
Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
RickHy,
did you see this month’s Australian Property Investing magazine? There was an article on University accommodation- the demographics- and what to buy and what not to buy.
I stayed at some lovely Uni accommodation at University of Southern Queensland, sunshine coast recently for a Conference.
It was one of the types that API was mentioning- 4 separate bedrooms- all with ensuites- shared lounge and kitchen etc- more like a house than like old uni accommodation that I lived in as a youth [xx(]
I would buy one of them like a shot- it has a gated community- which i have a bit of a psychological barrier to- but it also had a pool, tennis court etc.
Each tenant was paying $120 a week- basically 1st year uni students living there until they got their own shared housing. that’s 480 a week- but probably hefty management bills.
Banks go all weird when you mention student accommodation though- mine went quite weird on me.
kay henry
Just got a call today from a colleague letting me know of one going in SEQLD. Numbers were better than my Newcastle one and it was only 12 mths old.
They are there if you look! [^]
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
*poke poke*
And how much was it Simon? [:X]
hehe
kay henry
Sorry Kay,
I better check whether my colleague is buying it before I pass on too much identifying detail [?]
Apparently it is on the market for $350K and pulling in $650 pw.
Thats all I know – and that it is 12 month old.
I don’t even know if it is a house or whether a purpose designed building. This will have an impact on the type of finance.
Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Thanks Simon
It’s good to have a ballpark figure that you’ve provided anyway- just to know what’s out there.
kay henry
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