All Topics / General Property / car parks

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  • Profile photo of 50mill50mill
    Participant
    @50mill
    Join Date: 2003
    Post Count: 91
    November 26, 2004 - 7:42 am

    G’Day team,
    Since we’re on the topic, i’ve always wondered about owning car spaces or developing them. I think there is some info on this site somewhere..
    any advice would be awesome.

    Cheers
    Tycoon[cap][cap]

    Profile photo of aussierogueaussierogue
    Participant
    @aussierogue
    Join Date: 2003
    Post Count: 983
    November 26, 2004 - 8:28 am

    there will be less cars and more public transport/car pooling in the future. just an observation. im sure if you buy in the right place it will be a pretty good investment.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    November 26, 2004 - 12:31 pm

    I am not a fan of carspaces for the follwoing reasons:
    -low capital growth
    -low rental yields
    -cannot add value to them, and
    -hard to finance

    Terryw
    Discover Home Loans
    Mortgage Broker
    terry@discoverhomeloans.com.au

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 3 posts - 1 through 3 (of 3 total)

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