Hi team,
So, they got the DA to build a retirement village adjoining an IP we own.
Great location for it, I guess, being so close to the hospital.
What do you guys reckon, how will this village affect the prices of adjoining properties? Up or down?
Ethan Timor | Aligned Finance Pty Ltd
http://www.alignedfinance.com.au/
Email Me | Phone MeActive Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)
probably down as will be oversized….you should offer to sell your block.
This said, depends a lot on design etc. At least it will most likely be nice an quiet and no one will complain about your tenants listening to the TV too loud :)
Depends – can’t see if rising the prices, but likewise a significant downturn in price would be odd, unless it was a real eyesore. A lot of the retirement villages being built now have quality amenities etc, so it may very well just mean the neighbouring area is going to be fully of quiet neat little homes. ;)
Corey Batt | Precision Funding
http://www.precisionfunding.com.au
Email Me | Phone MeInvestment Focused Finance Strategist - servicing Australia-wide
Thanks, guys.
Hopefully it will contribute positively to the IP value. The DA states that the cost to dev is over $5m so trust they will build something really nice 😎
Ethan Timor | Aligned Finance Pty Ltd
http://www.alignedfinance.com.au/
Email Me | Phone MeActive Investor & Broker; Based in Northern NSW, servicing Australia wide; Author of '34 Proven Ways to Maximise Your Borrowing Power' (download free from our website)
You must be logged in to reply to this topic. If you don't have an account, you can register here.
