Craig The Mortgage Broker replied to the topic Westpac and Defence Force Housing in the forum General Property 18 years ago
Westpac will have bought this pool of houses to release the REIT. They will make their money by charging about 1% to 3% of the value (not the income) each year as a management fee to administer the trust.
The buyers of this trust may include super funds and clients of financial planners trying to earn a commision by finally having a product that…[Read more]