Blocks of units near brisbane

[eggnog]

Just got this emailed to me through RE.com email notifications.

Three 2bed unit block in Kippa Ring. Asking $575,000 with stated current returns $675 - 6.1% resi yield near brisbane .

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105236098&emailsource=emailalert

Might be of interest to someone on the boards. Please do your own DD. Please note I have no interest in this in any way, shape or form.

 

[investor_eddie]

Nice find mate. I might look into blocks of units more as they seem to have a better yield than straight houses.

Heres one I stumbled across in Zillmere.. too bad its under contract and I havnt got a big enough deposit yet lol.

http://www.realestate.com.au/cgi-bi...c=&c=60386794&s=qld&snf=ras-bri&tm=1222952227

 

[MiQu]

I've been thinking about getting a block of units too. In fact I saw the one at Zillmere a month ago, but wasn't ready and have never owned a block of units or duplexes before. But the yields are looking good...

Just wondering if it's any different to owning a house/unit? Any tax implications (eg is it considered comercial or similar as IP). Would it be more hastle?

Any advice appreciated. Cheers..

 

[geoffw]

Just wondering if it's any different to owning a house/unit? Any tax implications (eg is it considered comercial or similar as IP). Would it be more hastle?

I posted a lot about my block of flats when I bought and then sold.

Search for "flock of bats".