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From: Donna Larcos
Anyone invested in pensioner units"?
One bedroom units managed by onsite
manager. Rent comes from pension and
rental assistance and you are paid
directly by the govt. Income is around
11-12% but costs are higher due to
onsite manager and 3 meals a day. Good
depreciation.
I was wondering whether they languished
from a capital growth point of view of
compared favourably to any other one
bedroom unit in a similar area?
Obviously these are cashflow rather than
capital growth properties but has anyone
had experience - good or bad?
Donna L.
Anyone invested in pensioner units"?
One bedroom units managed by onsite
manager. Rent comes from pension and
rental assistance and you are paid
directly by the govt. Income is around
11-12% but costs are higher due to
onsite manager and 3 meals a day. Good
depreciation.
I was wondering whether they languished
from a capital growth point of view of
compared favourably to any other one
bedroom unit in a similar area?
Obviously these are cashflow rather than
capital growth properties but has anyone
had experience - good or bad?
Donna L.
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