Recent Content by AndyWhite

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  1. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    Not on Barkly. There's several companies - I think what you want is: a) not with one of the big serviced apartment companies b) an apartment that...
    Post by: AndyWhite, 25th Apr, 2018 in forum: What to buy
  2. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    Yeah these were only available for a max of 15 years (3 x 5) after the first 10 year term, so they were always going to convert back to normal...
    Post by: AndyWhite, 25th Apr, 2018 in forum: What to buy
  3. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    Went fine overall, but not without some surprises. Basically, this apartment was released from the pool by the company that manages the serviced...
    Post by: AndyWhite, 21st Apr, 2018 in forum: What to buy
  4. AndyWhite
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    Are we seeing rentals are dropping now?

    3 new tenants in our apartments in St Kilda (VIC) over the last few months. 1 same rent 1 up $20/week 1 up $100/week (3 tenants - a couple and...
    Post by: AndyWhite, 21st Apr, 2018 in forum: Property Market Economics
  5. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    Rent would be similar or the same - as I said half the building is normal apartments already which have never been part of the serviced apartment...
    Post by: AndyWhite, 2nd Jun, 2016 in forum: What to buy
  6. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    Management expense is not handled by us - yes we just receive the $2,391 net from them each month which is after all of their expenses (and...
    Post by: AndyWhite, 2nd Jun, 2016 in forum: What to buy
  7. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    I agree there are other avenues to get good returns like this, but in real estate at least, probably not with as little hassle as this. As I said...
    Post by: AndyWhite, 1st Jun, 2016 in forum: What to buy
  8. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    Yes that's the plan at this stage. Rental return would fall substantially if it were on normal market rents.
    Post by: AndyWhite, 1st Jun, 2016 in forum: What to buy
  9. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    For me the less common points on this one that push it over the line compared with other serviced apartments is: - coming in at the right time...
    Post by: AndyWhite, 1st Jun, 2016 in forum: What to buy
  10. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    Yep. And to increase borrowing capacity a bit.
    Post by: AndyWhite, 1st Jun, 2016 in forum: What to buy
  11. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    Sorry yes forgot to mention - the depreciation is ridiculous which is fantastic now while I have a relatively high PAYG income. Depreciation as...
    Post by: AndyWhite, 1st Jun, 2016 in forum: What to buy
  12. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    All furniture/kitchenware etc. is owned by and the responsibility of the Apartment management company - i.e. they would have to replace/renew...
    Post by: AndyWhite, 1st Jun, 2016 in forum: What to buy
  13. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    Only about $20-30k more than we paid max. Not worth selling and now that we went through the ringer to get the loan approved originally we don't...
    Post by: AndyWhite, 1st Jun, 2016 in forum: What to buy
  14. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    I agree - this is definitely a cash-flow play over CG and it was a conscious decision at purchase. Our other 2 IPs are standard. Would only ever...
    Post by: AndyWhite, 1st Jun, 2016 in forum: What to buy
  15. AndyWhite
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    Serviced Apartment after 12 months (real example with numbers)

    Great to see someone else with a good experience. I'll be honest, after seeing this one run for a little while, I told the building manager to...
    Post by: AndyWhite, 31st May, 2016 in forum: What to buy