Commonwealth Games - Anyone looking at Short Term leasing for the Commonwealth Games

Discussion in 'Property Management' started by Tonibell, 4th Oct, 2017.

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  1. Tonibell

    Tonibell Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    1,108
    Location:
    Sydney
    Have a rental property at Wynnum and it is now out of lease and having complaints from the neigbours that the yard is a mess. Agent has recommended that they be given notice. With the Commonwealth Games coming up next year, I was looking at doing a fully furnished short term rental. Has anyone considered this option for their rental properties.

    Currently this property is giving a very, very low yield. It is a very small house on a big block of land, hence the neighbours will not be impacted by the noise.

    The other problem I have is that I reside in Sydney.

    Am I just looking for trouble, Investors idea would be helpful.
     
    Tonibell, 4th Oct, 2017
    #1
  2. Tom Rivera

    Tom Rivera Property Manager Business Member

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    1st Jul, 2015
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    Location:
    South East Queensland
    Wynnum is quite a distance from the Gold Coast and there's no shortage of rentals down there, I can't see you getting a strong demand from the Commonwealth Games.
     
    Tom Rivera, 5th Oct, 2017
    #2
  3. Chivaun.Shortis

    Chivaun.Shortis Well-Known Member

    Joined:
    14th Sep, 2017
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    Location:
    Logan and Gold Coast Region
    Maybe a Air BNB would be your better option or fully furnished rental for people working in Brisbane CBD. You would be looking at an hour to get to Commonwealth games. The only places close by for Commonwealth Games would be Belmont for the shooting and chandler for the bike racing if they are doing it at the velodrome there.
     
    Chivaun.Shortis, 16th Oct, 2017
    #3