Managed Apartments pros & cons opinions

[Craiginqatar]

I have seen quite a few managed apartments in Sydney for sale recently & was wondering what people think are the pros & cons of this type of investment.

Some of them are showing quite healthy returns & they will take care off all mgmt fees, rates, water, strata, etc but the guaranteed returns seem a bit too good to be true. What is the benefit of this type of investment. I live in the Middle East & pay no tax (thus no Australian tax breaks) so is this a good investment. I don't plan on coming back for a while.

Cheers

Craig.

 

[jaycee]

Try ad search "serviced apartments", there' sbeen a lto fo discussion about hem.

Litited capitl gorwth has been one thign that pops up a lto in disucssion.

But also the possibility of conversion to owner occupier apartment and that bringing in capital growth.

And other stuff in much more detail. I'll see if I can find a link

 

[Rolf Latham]

Hi Craig

Can be tough to finance, and thus resale and potentially the cap gain may be nobbled

ta
rolf