Just looking for thoughts on Pensioner units.
30m2 units in complexs of about 50 with rents indexed to pensions ( approx 80 %)
Has any one here invested in such units??Hi Penfold,
Don’t know much about Pensioner Units, but I think you would need to get to a minimum of 50m2 before the lenders would be interested.
Regards,Sharon
Yes they are difficult to finance and the fees involved with investments like these can be prohibitive to say the least…
If you do a search on this site on retirement villages and pensioner units you will find some discussions about these units.
Celivia
I have studied retirement villages and particularly pensioner units extensively. I have recently purchased 3 units off the plan in a development called homestead life. banks will lend up to 80% + your equity. There are a few other pensioner developments around also. I chose “Homestead Life” because they have full independant units, as most don’t have cooking/fridge/etc facilities that banks don’t like as restrict for future. Buy in pairs to reduce vacancy risk – one may be empty with income still from other one, but research shows once tenanted residency is stable.
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