All Topics / The Treasure Chest / Resort Units

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  • Profile photo of BoothyBoothy
    Participant
    @boothy
    Join Date: 2003
    Post Count: 7
    September 19, 2003 - 1:05 am

    Gooday All,
    I have been looking at resort units at Mandurah, WA. The units are rented back by the resort over a ten year period. Has anyone had experience with these types of properties? The one I am looking at is $124000 with a return of $650/month which is aligned to CPI. Should I invest?

    Profile photo of ANUBISANUBIS
    Participant
    @anubis
    Join Date: 2003
    Post Count: 559
    September 19, 2003 - 4:39 am

    Personally don’t like them as they have a limited market if you ever want to get out by selling.

    Is the 650 net or gross before resort fees such as cleaning, mgmt, servicing etc?

    It’s only a 6% return which doesn’t set my pulse racing either. Freestanding houses are a much better opportunity with a wider resale market IMO.

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