dual key student Accomodation

Discussion in 'What to buy' started by Matt87, 4th Nov, 2017.

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  1. Matt87

    Matt87 Well-Known Member

    Joined:
    1st Jul, 2017
    Posts:
    112
    Location:
    Sydney
    Hi all,

    I have question in relation to dual key student accommodation.

    I know that there is little to no cg for these types of dwellings. But has anyone got this types of property in there portfolio?

    A friend is looking at one in GC, thought I would ask if anyone has had any in the past. Looks like good RY around 8% before fees etc.

    Matt
     
    Matt87, 4th Nov, 2017
    #1
  2. The Y-man

    The Y-man Moderator Staff Member

    Joined:
    18th Jun, 2015
    Posts:
    13,500
    Location:
    Melbourne
    Why not just get a straight dual key apartment?

    Paging @Tony3008

    The Y-man
     
    The Y-man, 4th Nov, 2017
    #2
  3. Tony3008

    Tony3008 Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    976
    Location:
    Docklands, Victoria
    Yes, I've got a Docklands dual key - was my PPOR, then rented out studio and lived in apartment, now it's an IP. Plus is the yield, gross around 6%, net about 4.2%, and if one half is vacant the other is likely to be paying. Next to no CG though. Buying student-only with even higher yield may be ok depending on your plans or a massive handicap in the years to come.
     
    Tony3008, 4th Nov, 2017
    #3
    Matt87 likes this.
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