Search results

Haven't bothered getting them revalued. The finance conditions mean they don't work well for equity extraction anyway. The hotel company has already written to us twice asking for additional lease options. I haven't signed any, but once they're owned outright I might, because they pay the...

CG over the past 10 years has been stuff all, maybe 20%. But once they come off the long term lease they revert to being able to be used residential, and so will 'catch up', and will value comparable to equivalent property in the same area. In the meantime they cost me nothing and throw off...

No, the rent went up. I have a rent review every three years, and it's usuallu a substantial jump. For the first three years it was slightly negatively geared, but ever since it makes extra cash.

I bought them off another seller, who suddenly realised that property doesn't increase in value in a linear manner. I found them on allhomes.com.au, the local Canberra property website. They were cheap, too, because most people who buy want more flexibility, whereas I was happy to wait...

I bought a couple of serviced apartments in Canberra about 10 years ago, chucked them on P&I loans and basically ignored them. They are on a monthly lease back to Mantra. In about another 10 years they will both be owned outright, and come off lease to be commercial or residential. They...

Not all serviced apartments are created equal. Some are great, some suck. It depends on the type of lease arrangement you have, and what happens when the lease expires.