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...
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...
Went fine overall, but not without some surprises. Basically, this apartment was released from the pool by the company that manages the serviced...
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...
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...
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...
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...
Yes that's the plan at this stage. Rental return would fall substantially if it were on normal market rents.
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...
Yep. And to increase borrowing capacity a bit.
Sorry yes forgot to mention - the depreciation is ridiculous which is fantastic now while I have a relatively high PAYG income. Depreciation as...
All furniture/kitchenware etc. is owned by and the responsibility of the Apartment management company - i.e. they would have to replace/renew...
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...
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...
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...
Value would rise by around 15-25% as a rough guess. Yes you could then increase the LVR as per normal bank guidelines and refi to a low cost...
Hi Everyone, Used to use the old forum but haven't posted on here yet. We purchased a serviced apartment a year ago, and given all the bad press...
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