Gerry replied to the topic Dual Key Apartments in the forum General Property 21 years, 10 months ago
Thanks for the information, the figures I received were a bit of an eye opener, $19000 profit if both apartments are booked 100% of the time at $540 per week (combined). The unit cost is $330000 approx and the repayments on that could be $27000 per year. Depreciation may square it up a bit but you would not want to many empty weeks. Gerry
Gerry replied to the topic Townhouses and Body Corporate in the forum General Property 21 years, 10 months ago
Thanks for the info, I am looking into a few different investment options, but it looks like houses with property managers is the most simple realestate investment option. Especially when you live a long way away from your investment property. Thanks again.
Gerry



