Having a quick look around Brisbane outskirts at the moment. Just wondering what the go is with so many properties being in gated communities with onsite management? What are the body corporate fees like?
Hi Scott
I was scoping out the Logan area a year ago and noticed the same. The BC costs can be quite high – especially when theres upkeep for pools, BBQ area, etc.
With the gated complexes there generally seems to be a “lot” of townhouses within the complex (often 100+) which will likely effect CG.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Thx Jamie, that was my concern – you'd need to have quite a few units to justify a fulltime caretaker (even $45k pa + s/c accom + materials/consumables etc) then adding std BC fees, insurances, maintenance, rates etc. The rents may look attractive but the outgoings would hammer the returns.
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