All Topics / General Property / Pensioner units

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  • Profile photo of Penfold_2Penfold_2
    Join Date: 2004
    Post Count: 8

    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??

    Profile photo of shaztazshaztaz
    Join Date: 2004
    Post Count: 113

    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.


    Profile photo of Fast LaneFast Lane
    Join Date: 2004
    Post Count: 527

    Yes they are difficult to finance and the fees involved with investments like these can be prohibitive to say the least…

    Profile photo of CeliviaCelivia
    Join Date: 2003
    Post Count: 886

    If you do a search on this site on retirement villages and pensioner units you will find some discussions about these units.


    Profile photo of RonnyRonny
    Join Date: 2005
    Post Count: 31

    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.

Viewing 5 posts - 1 through 5 (of 5 total)

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