All Topics / Help Needed! / Retirement units – am I missing something?!?

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of MrUniqueName

    Hi everyone

    I've been finding a lot of retirement units with rental yields of between 9 – 15%. To me, these seem too good to be true. Are they?

    Dave.

    Profile photo of SHales

    I noticed too.  Check the management fees, body corp and any other fees involved in being a part of the complex.  This might be where the catch is.
    S

    Profile photo of MrUniqueName

    Thanks for the quick response. One place I've found apparently has no management fees, plus body corps are only around $2k, with returns of just under 15%! I will be making further enquiries into this property but, as I said, it just seems too good to be true.

    Profile photo of SHales

    wow, no management fees!  That DOES sound too good to be true.  Surely someone manages the property and they charge something?  I've noticed a few of these for sale for less than $100K in strong rural towns.  Returning well over 10%.  Seems to me like a good class of tenant (so long as they stay alive!).
    good luck
    S

Viewing 4 posts - 1 through 4 (of 4 total)

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