All Topics / General Property / retirement units

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  • Profile photo of damianwhitedamianwhite
    Member
    @damianwhite
    Join Date: 2005
    Post Count: 2
    March 4, 2005 - 10:09 am

    has anyone looked into these retirement villages that seem to be poping up all over Australia. I was approach to invest in a unit for about $100k and with an income of $615 per month and no outgoings at all.
    the rent was guaranteed for 5 years even if unit empty and the income was linked to CPI.

    any comments

    Damian

    Profile photo of DannyboyDannyboy
    Participant
    @dannyboy
    Join Date: 2005
    Post Count: 60
    March 4, 2005 - 1:59 pm

    Wow!!!!!
    That sounds great! I personally haven’t seen any retirement village properties like that! Are they really popping up everywhere? Where are u finding them? I’m a little skepticle![hmm]

    Best of luck
    Dan!

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    March 5, 2005 - 12:15 am

    Just be careful, these are usually hard to finance and hard to sell and can have management problems.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    [email protected]

    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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