Mobile home villages

i love looking at NSW Central Coast real estate and have come across a hell of a lot of village /mobile homes for sale on the Real Estate sites.

They are all usually under 200k.

Some are ok whilst others seem to be a hand length away from their next door neighbours wall.

The benefits on buying these is i guess
No strata or council fees ,relatively safer environment ,park amenties, pool etc .,much cheaper than a hiuse price, if your on Social Security you can claim rent allowance.,

Negatives are , you could be kicked out, neighbours are within earshot,you pay land rent of something like $120 plus per week, its hard to sell, only so many people approved to live in your house, cannot use as IP

 

Fantastic observation, now what is the question?

 

I guess what some people can afford ??

I have never looked at these for obvious reasons but I expect that CG may be difficult with this product.
Hard to source finance??

 

If you want a low entry home / low cost then these are the ones to go for i guess.
You dont see many in Sydney now , does Parklea still have its village?

Great to live in instead of paying rent ... Saving for more IP's .

 

um, NO.

The cabin falls apart, you have to pay all the fees to live in the park each week, and at any moment the manager can force you to leave.

 

Povo retirement living. Government should buy em up for Housing.

 

If you buy a cabin at 200k, without get loan from bank, that's a big money.
cause people who buy a 400k house only pay 20% of whole amount, which is about 80k.

You may can have a look at this,
Mobile Buildings
has mobile cabin which is 20k, which is affordable, and cabin on wheel, so it's quite easy to move.
Not sure how they solve toilet and shower stuffs, and if the connection fee is included.

 

I can buy a house down the street for 200k!
There's no way I'd pay that for a povo shack on someone else's land, paying 1/2 rent cost for the privilege.... yuck