澳洲Australia property Trilogy Property Syndicates | Sydney


在澳大利亚 Hi everyone, After months of searching for my first IP I believe finally have the corage to put in my first offer. I would love some feedback Property: Duplex Asking price: $239,000 I believe it is worth $225,000 to $230,000 My Offer: $218,0 I am in Melbourne. Would like to buy properties interstate. How difficult is that to manage these properties. Any advise. 评论 Do you mean manage to find them or manage as in property manager? 评论 Manage to find a good property manager 评


Anyone had any experience investing with these guys? Or in Property Syndicates in general?

Trilogy has a Melbourne opportunity at the moment that I am trying to sus out for both myself and my clients (I am a Financial Planner), but really haven't had any experience with commercial property or property syndicates to date.

Seems good on paper - 8.75% net yield, 45% gearing at fixed 5 year rates, look to get out within 5 years, tenant is iSelect (relatively large, profitable company that just floated on the asx) and is locked in at 4% annual rent increase until 2021, bank guarantee of $2m on rent (about 1 year's worth of rent).

Main risks I can identify seem to be interest rates increasing over the next 5 years, which would presumably drop the value of the commercial property, iSelect going bankrupt or moving to a different site and being unable to quickly find a new tenant or buyer for the property, or simply wanting to sell the property at the 5-7 year mark and being unable to find a buyer if Southbank is not an attractive area for businesses in the future.

I have some high net worth clients in the pension phase of their super lives, so all earnings would be tax free for them, so think it may be worth allocating a portion of their growth assets to this via a self managed super fund.

Here's the link:

http://www.trilogyfunds.com.au/property-syndicates/cheltenham/

Would appreciate thoughts from anyone who knows more about and/or has experience with commercial property, property syndicates or trilogy!  

评论
According to today's paper, things aren't going swimmingly for iSelect - CEO just bailed, revenue down a bit, the usual post IPO stuff.  

评论
Haha wow didn't see that, cheers mate.

Yeah, seems like iSelect aren't doing as well recently as they were before, but still seem like a relatively healthy & profitable company overall.

I don't know, I think the liquidity factor is the main concern with this for me. Trust runs for up to 7 years at the manager's discretion, so if circumstances change and the money needs to be accessed in that time, the outlook becomes pretty bleak quickly...

Might give this one a miss.  

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