I'm posting this purely out of curiosity with no intention of buying one. I come across many units in over 55 complexes which have very strong yields.
Have a look at:
http://www.realestate.com.au/property-unit-qld-bethania-111595583
Some immediate cons which come to mind are
- Limited tenant market
- High, sometimes unexpected tenant turnover
- Possibly higher than usual management costs
Does anybody here have any experience in investing in these properties?
Have a look at:
http://www.realestate.com.au/property-unit-qld-bethania-111595583
Some immediate cons which come to mind are
- Limited tenant market
- High, sometimes unexpected tenant turnover
- Possibly higher than usual management costs
Does anybody here have any experience in investing in these properties?