All Topics / Help Needed! / leasehold 2017

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  • Profile photo of MabbottMabbott
    Member
    @mabbott
    Join Date: 2005
    Post Count: 35
    December 18, 2005 - 1:13 am

    Im usually more of a forum reader than poster but would like some feedback on my understanding of something i came across..

    A property for 67,000 on a leasehold till 2017 just 50m from beach in a small town. Does this mean..

    a) the value will drop the closer to the end of this leasehold because at the end it gets “taken” for nothing by the government?

    b) Their would be no point buying it with the intention of CG because it will be outta lease in 13 years?

    c) The only person who you find value in this is someone willing to pay 67,000 for a holiday home with 13 years use?

    d) i’ve completely misunderstaood leasehold and all of the above are way off [blush2]

    thanks for the help
    Michael

    If you do what everyone else does, you’ll get what everyone else has..

    Profile photo of catacata
    Participant
    @cata
    Join Date: 2005
    Post Count: 559
    December 18, 2005 - 9:57 pm

    Hi Michael

    I don’t know much about leases, but in Mt Isa the leasehold is paid at about $100 per year untill the land is paid off. Then it is yours.

    I would do some reserch on the lease and go from there.

    Sorry I could’t help more

    CATA
    Asset Protection Specialist
    [email protected]

    Profile photo of MabbottMabbott
    Member
    @mabbott
    Join Date: 2005
    Post Count: 35
    December 22, 2005 - 5:01 am

    think this got bumped out quick… can someone explain plz

    still don’t know what i don’t know

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