All Topics / Help Needed! / Investing in Retirement Village ?

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  • Profile photo of amynmanamynman
    Participant
    @amynman
    Join Date: 2005
    Post Count: 1
    February 1, 2005 - 12:34 pm

    Hi folks,
    I came across a retirement village which should be able to yield a positive return of 10% plus.
    What are the main factors/concerns that I need to consider before I make my decision?? Are there any web links that I could gather more information? Could anyone give me some hints?

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544
    February 1, 2005 - 2:11 pm

    Hi amynman,

    Retirement villages are superficially attractive as the gross rental returns can be deceptive, I suggest you look into the costs and above all search the forum (top left) under the forum boards button.

    In a nutshell retirement units are a niche property with a questionnable growth rates and can be difficult ot finance at 80%

    Derek
    [email protected]

    Property investment advice and researched property in quality locations available.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    February 3, 2005 - 8:23 am

    These can be hard to sell as well.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    Click below to email me

    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

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