All Topics / Help Needed! / Holiday Units in QLD as investments

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  • Profile photo of mikekingmikeking
    Member
    @mikeking
    Join Date: 2008
    Post Count: 12
    January 19, 2008 - 5:50 am

    Hi,

    Just wondering if people have looked at holiday units in QLD as positive cash flow investments. The rent return promised seems too good to be true.

    cheers
    mike

    Profile photo of L.A AussieL.A Aussie
    Member
    @l.a-aussie
    Join Date: 2006
    Post Count: 1,488
    January 19, 2008 - 6:57 am

    Check out the entire list of outgoings for the building. It may surprise you.

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    January 20, 2008 - 11:10 am

    Mike

    Notice how the promise always comes in the Summer or peak seasons.

    Believe it or not we do have Winters in Qld (abeit they aint half bad) as well as off peak time and my experience is the rental figures drop substantially.

    I have financed many a holiday home and suggest you work on around 55% of the rental assessment to allow for changeovers and vacancies.

    Richard Taylor | Australia's leading private lender

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

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