All Topics / Hotch Potch / Shafston University Mansions

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  • Profile photo of lusnalvinlusnalvin
    Member
    @lusnalvin
    Join Date: 2003
    Post Count: 0

    Hi all,

    my first message here so…

    I happen to own a unit in the block at Shaftson Unversity Mansions (Kangaroo Point, Brisbane) and would like to know what to do with it. Sorry if I sound asinine but:

    I am getting around 4-5% yield now (due to sharp increase in body corporate: out of my control)

    Can’t seem to find any buyer.

    No bank seems to want to give financing to this kind of property

    Help!
    alvin

    Profile photo of xyzzyxyzzy
    Participant
    @xyzzy
    Join Date: 2003
    Post Count: 178

    … can’t find any buyer.

    If you halved the asking price to achieve a 10% yield buyers might become interested!

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