A little update on the over 55’s investment. We have now purchased a 2nd unit, again for $86k, it is also tenanted for $220/w. Both of our tenants are very happy with the complex.

On the topic of tenants, both units have tenants over the age of 80 in them (a single in one unit and a couple in the other).

At this age the expected tenancy period…[Read more]

We sure did Kengw022. We purchased for $86K (220/w rent). It has been great, the tenants are great (we self manage), it was positive geared in the first FY as expected (we made $1,500 above all costs, including financing, rate, body corp etc).

The last two units in the complex have sold for $95K each, so that represents a 13% capital growth in 12…[Read more]

I think the couple are doing a great job too, maxing out one’s lending capacity is quite a popular investing methodology.

My investment goals differ somewhat (not better or more right, just different), but if all goes to plan for the couple in the show they will end up much richer than I, and I think they deserve to rewards.

The topic of the…[Read more]

I like the way you are thinking Benny. 42% the median rent for working families could be considered a soft limit.

Next step: ascertain the median rent in the region.

I found this explanation of how pensions are indexed:

Indexation
Base pensions are indexed twice a year, in March and September, to reflect changes in pensioners’ cost of living and wages. The pension is increased to reflect growth in the Consumer Price Index and the Pensioner and Beneficiary Living Cost Index, whichever is higher. When wages g…[Read more]

The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

The supply and demand for over 55’s in the region

So, there are 14 retirement villages in the council area, ranging from high care to independent living.

There are approximately 1100 dwellings across these 14 villages, of which around 300 dwellings are independent living (the type I am looking at).

ABS stats showed that there are approximately…[Read more]

On the question of rent as a % of pension.

Aged Pension (over 65) – weekly pension rates
Single $404
Couple $609

Rent set at $220/week
Single – rent = 54% of pension (49% when rent assistance included)
Couple – rent = 36% of pension

Rent set at $240/week
Single – rent = 59% of pension (54% when rent assistance included)
Couple – rent = 39% of…[Read more]

On the question of rent as a % of pension.

Aged Pension (over 65) – weekly pension rates
Single $404
Couple $609

Rent set at $220/week
Single – rent = 54% of pension (49% when rent assistance included)
Couple – rent = 36% of pension

Rent set at $240/week
Single – rent = 59% of pension (54% when rent assistance included)
Couple – rent = 39% of…[Read more]