Years ago auctions were full house to buy Sydney Taxi plates.
They could and were leased out for over $2400 a month.
My dream was to buy a plate and live off the rent...so in 2011 i got serious the price then was average $420,000 with some of the plates having leases of $2600 a month.
But i didnt end up buying.
Fast forward to 2015 and a Sydney Taxi plates are averaging 360k.
im glad i didnt buy back then.But these use to be great investments, investors use to love taxi plates but it seems the Uber etc have hadva effect.
They could and were leased out for over $2400 a month.
My dream was to buy a plate and live off the rent...so in 2011 i got serious the price then was average $420,000 with some of the plates having leases of $2600 a month.
But i didnt end up buying.
Fast forward to 2015 and a Sydney Taxi plates are averaging 360k.
im glad i didnt buy back then.But these use to be great investments, investors use to love taxi plates but it seems the Uber etc have hadva effect.