QLD Retirement villa rental

Discussion in 'Where to Buy' started by hen.sl, 12th Feb, 2022.

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  1. hen.sl

    hen.sl Active Member

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    Who has bought one/two as a rental and what has been your experience with rental return and capital growth? I'm talking the managed retirement communities.

    Thanks
     
    hen.sl, 12th Feb, 2022
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  2. Scott No Mates

    Scott No Mates Well-Known Member

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    AFAIK, many of these properties are leasehold not freehold and restricted to owner occupied properties - sound legal advice is required before venturing down that path.
     
    Scott No Mates, 12th Feb, 2022
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  3. hen.sl

    hen.sl Active Member

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    There a quite a large number that are freehold and these are the ones I'm asking about
     
    hen.sl, 12th Feb, 2022
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  4. The Y-man

    The Y-man Moderator Staff Member

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    Better off buying shares in the company that runs the communities.

    The Y-man
     
    The Y-man, 12th Feb, 2022
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  5. hen.sl

    hen.sl Active Member

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    I have invested in ETF's already...after following the shares thread for a while.

    This real estate purchase was an option for 8.7% return with evidence of 0 days rental vacancy over 5 yr period
     
    hen.sl, 12th Feb, 2022
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  6. Scott No Mates

    Scott No Mates Well-Known Member

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    That rings alarm bells.

    Is it tied to on-site management?
    Did it not get readvertised (or became owner occupied)?
    How steep are the levies?
    How was the capital growth?
     
    Scott No Mates, 12th Feb, 2022
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  7. hen.sl

    hen.sl Active Member

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    It is up on realestate.com. I don't know all the answers to your questions but I know there is an on-site management. Rates are $1000/yr and the body corporate is $1100/quarter. It is freehold.
     
    hen.sl, 12th Feb, 2022
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  8. The Y-man

    The Y-man Moderator Staff Member

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    The Y-man, 12th Feb, 2022
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