Hi All,
I am interested to hear what others think of investing in apartments for over 55’s – the good, the bad and the ugly!
I gather that there is a good return, but perhaps nil to very low capital growth..?
Does anyone here have them?
Sophie
Almost nil chance of financing over a mid lvr.
Richard Taylor | Australia's leading private lender
Lenders and Banks are a bit touchy when it comes to these securities. LVR's vary. No differences in relation to structure of the loan, however its your LVR that is reduced.
The ugly is it has a limited market at the Over 55's, so it is all dependent on researching the area to ensure there is a high demand. To be honest you dont want to be purchasing this style of property when the age demographic is a lot lower. If the property is part of a residential retirement village this is something the lender would not look at favourable, but if just referring to the zoning it may be different.
Its honestly research and research.
Andy
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