Serviced Apartments

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

grg11e
Member
@grg11e
Join Date: 2005
Post Count: 1
December 18, 2005 - 3:06 am
Hi all, i’m new to this positive gearing seen and ihave just finished reading steves book, 0-130 properties in 3.5 years.
Very interested in starting and just wanted to get a few opinions to see if you are happy with positive gearing and wanted to ask if Serviced apartments qualified as a positively geared property
Terryw
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@terryw
Join Date: 2001
Post Count: 16,213
December 18, 2005 - 3:27 am
Watch out for serviced apartments. There can be various problems such as:
– high management fees
– low growth
– difficult to get finance
– difficult to sell.
Make sure you do your homework thoroughly on one of these.
Terryw
Discover Home Loans
Parramatta
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Nigel Kibel
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@nigel-kibel
Join Date: 2005
Post Count: 1,425
December 18, 2005 - 8:52 pm
You will find with servicesd apartments that in many cases you will only get finance for 60-70%. Also it is unlikely that there will be any capital growth.
Nigel Kibel
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