Has anyone come across these investment opps ?
Have applied 11 sec. solution with a positve outcome ! The property in question is located in Cairns-2 apartments on 1 title to come on line in AugustOriginally posted by petshare:Has anyone come across these investment opps ?
Have applied 11 sec. solution with a positve outcome ! The property in question is located in Cairns-2 apartments on 1 title to come on line in AugustCairns Post reported recently over supply of Units not houses though. Place is boomimg.
thanks for the reply g s
the investment is housing for the mature aged with rent paid directly by the Govt.Rental increases @ 6 monthlyA lot of these properties meet the 11 second solution, however, body corporate and council rates can easily obliterate any positive cashflows, especially in the Cairns market.
I’ve seen similar properties like this in Cairns where just your body corp and council rates eat two thirds of your annual rent! Let alone any management fees.
If you do decide to go ahead, make sure you know exactly what you’re doing. Good Luck…G7
You must be logged in to reply to this topic. If you don't have an account, you can register here.
