A family member has asked me to go halves in buying a Sunshine Coast 3 b/r beachfront apartment ,great ocean views,for around $840k….deal is they rent it out and charge mgmt fees of around 25k p.a….seems a lot….I don’t see it as a winner unless occupancy rates are high and capital gain is likely in long run…I’m from NZ so not sure about latest stats on Sunshine Coast property prospects…any comments appreciated.
gees Id be wanting an entire block of units for that much!!!
Take a look around and see what else is on offer. I bet you can find a better deal without having to pay 25k management fees.
Don’t go in partnership unless you really have to.Hi there,
Sunshine coast is very popular, (so it will rent out) but no, you should not buy the property is a quick answer.Cheers,
Don [strum]
“To have more than more than you’ve got, become more than you are”
$840K for 3 bedroom unit is far above the market price on the sunshine coast. Stay well away.
[medieval]
Love many, trust few. Always paddle your own canoe.
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