Hilton apartments. Yay or nay?

Discussion in 'Property Analysis' started by big max, 15th Jul, 2017.

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  1. big max

    big max Well-Known Member

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    What do you guys think?

    Generally not my type of investment. Having said that yield is probably pretty decent (I'm guessing around 5% net).

    I've considered in the part in various countries. I would have made a fortune on some (Shanghai and Singapore for example) but hard to know he markets would rally so strong.
     
  2. big max

    big max Well-Known Member

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  3. Knights of Ni

    Knights of Ni Well-Known Member

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    Over $11kpa in body corp and council rates..... no thanks.
     
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  4. Archaon

    Archaon Well-Known Member

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    What's the buy in?

    Can they be owner occupied or purely short term stay?
     
  5. jins13

    jins13 Well-Known Member

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    Total nay and the funds can be used for something better than having an apartment in the Hilton.
     
  6. Wagyu brisket

    Wagyu brisket Member

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    Terrible decision based on body corp $$.. might as well buy in moranbah..
     
  7. mikey7

    mikey7 Well-Known Member

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    When i was up there.. i was looking at an apartment in there for sale.
    Original purchase price was over $1mil.. they listed it for $490k back in Feb! :eek:
     
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  8. datto

    datto Well-Known Member

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    Any chance of catching Paris sun bathing near the pool lol
     
  9. Tom Simpson

    Tom Simpson Well-Known Member

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    Haha I considered buying in a resort complex to live a while ago. They have a max term of three months at the place I was looking. I assume most would have a similar policy.
     
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  10. Archaon

    Archaon Well-Known Member

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    I was looking at a Mantra apartment in Surfers, it was the same 3 month limit, though the real estate said they have tenants long stay, just on 3 month leases.

    Buy in was 215k roughly, It was a dual key one side with a kitchenette and the other with 2 queens, fully furnished.

    Though banks supposedly don't like these properties, limited buyer pools, no CG.
     
  11. Hosko

    Hosko Well-Known Member

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    Yep, sounds on the high side but until it is clear $11k "of what" it has less relevance. If the income is $30k, very different scenario if the income is $60k on a $400k buy-in (hypothetical numbers only)