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yes, I agree, the fee % is very high

14% management fee

From an old thread here, and my thoughts are similar:

from the state agent (for two units that are on the one freehold title)

more than enough to cover loan payments, and indexed cpi I believe. One I have seen was 2 units, freehold in a retirement / over 50s' complex. How many retirement places have gone bankrupt over the last 5 / 10 years ?

from what I have been able to find out they are rarely vacant, basically only when the tenant dies, then a new tenant is signed up reasonable quickly

the ones I have looked at have long term tenants, not too concerned about cg though as I am looking at a long term (15+ years) ownership, I am looking at cash flow.

I guess I am just not able to see the big picture, but what have people got against buying retirement places ? I have seen a few, at decent buy prices, and, after outgoings have a decent ($150+pw) positive cash flow. Is it mainly because the cg is usually very low ?

http://www.news.com.au/finance/real-estate/house-prices-tumble-at-the-coalface-with-some-now-on-the-market-for-less-than-land-value/story-fndbalka-1227290490188

Almost to low point of the cycle there from reading news.

I use mygov, no issues, just make an account and pw, write the details down so you dont forget (or you have to call them) and link govt services (ato, medicare, centerlink etc etc etc) mail from any of the sevices go to your mygov account, and the mygoc site itself is just a portal to other...

Was / am looking at the same thing (purpose built student accommodation) but was pretty much shot down, I assume because of poor potential CG growth, because they would certainly seem to be well cash flow positive rentals

just having a look on realestate.com and Deception bay seems reasonably priced v rental income. Anyone had a good look at the area ?

U.S interest rates likely to rise mid year, flow on effect to Oz will be increase in rate here I guess ?

As it turns out, it is not retirement, but over 50s' management fees are , BUT body corp of $76pw is too much imo

thoughts ? $80k - $90k $485 per fortnight for rent, waiting for a reply to see what the outgoings are. Anyone have good points / bad points they can think of ?

What are peoples thoughts on purpose built student units, 4br, 4 bathroom type place, 5 min walk to uni, many have returns around $680pw with asking around $190k, if outgoings were about the $350 - $400pw mark, to me that still seems like a reasonable return. Over the last month or so I have...

for the asking price, I would seriously consider just paying cash :shrug:

ummm, you could say that, renovated the whole house by myself, bathroom, kitchen etc etc etc. Floating floor is very easy, the hardest part is cutting the 'boards' to required length, search youtube, I am sure there will be videos of how it is done :)

from the agent