Positively Geared Studios'

Hi,

Any advice re positively geared studio apartments in Sydney? They are for sale in Broadway (City) and Parramatta and other areas.

As they are very small I undersatand there are problems getting finance, any others problems?

Thanks
 
Difficult to get finance to buy
Difficult to sell to others who find it difficult to get finance
High management fees
High wear & tear student accom
Low CG

How many shall I put you down for? :p
 
Difficult to get finance to buy
Difficult to sell to others who find it difficult to get finance
High management fees
High wear & tear student accom
Low CG

How many shall I put you down for? :p

I agree totally. Can't even count the number of times I've seen the word "Broadway" appear in the many pages of ads on RE.COM.
It will be interesting to see what the impact will be of the recent immigration policy changes, too.
 
Just check ALL the outgoings.

Ads often quote gross rentals which may show positive gearing, but neglect to mention the huge costs that these complexes often charge.
Marg
 
Hi,

Any advice re positively geared studio apartments in Sydney? They are for sale in Broadway (City) and Parramatta and other areas.

As they are very small I undersatand there are problems getting finance, any others problems?

Thanks

Had a look recently at some in Elizabeth Bay. As others have said, significant costs (body corporate, rates etc) makes the net yield low 4's%. Nothing special.

If you wanted a crash pad and a had a few hundred spare, maybe.
 
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