Hi all,
I'm new to this forum so I hope this is the right place to ask.
In my (relatively) local area there are a number of cheap (~$100k) one bedroom units up for sale in retirement villages and over 55s complexes. The rent seems good and reliable, but if they're such a good investment why are there so many people trying to sell right now?
I realise the on-site managers and facilities mean high fees, so are these places really not that great investment-wise?
Any thoughts would be much appreciated!
I'm new to this forum so I hope this is the right place to ask.
In my (relatively) local area there are a number of cheap (~$100k) one bedroom units up for sale in retirement villages and over 55s complexes. The rent seems good and reliable, but if they're such a good investment why are there so many people trying to sell right now?
I realise the on-site managers and facilities mean high fees, so are these places really not that great investment-wise?
Any thoughts would be much appreciated!