澳洲Australia property Cashflow positive in Brisbane | Sydney


在澳大利亚


Maybe someone on this board would be interested in this. Personally haven't done the numbers but could be CF+. Do your own DD. I have nothing to do with this property, it was just emailed to me as an RE.com alert.

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=105413542&emailsource=emailalert  

评论
Wow, very interesting......At 6.99% = $41,940.00
So it is returning $942.30/week gross.

If it is returning $49,000 with potential for more - what's the catch?

It must be some sort of B&B with only two kitchens...therefore you need a Manager to run it. What is a live in Manager worth? worse case? 30k?

It is no longer cashflow positive.

Regards JO  

评论
Come-on Jo. Gotta think outside the box to solve problems not shoot them down :D

Hows about this. If there is 1 kitchen on each floor then seperate both floors to self-contained 4x1x1 then rent out seperately. Building looks new so what's a new 4x1x1 property in mid-ring brisbane renting for these days. I'd say in the 400s would be appropriate, as per advertised. Could rent it out through a local PM, thus solving your onsite management hurdle. Could even go as far as renting on a per room basis, say $150 per room/pw = 62k pa (~10% gross yield).

Don't know if this is even possible :D LOL. Like I said above, do your own DD. I have nothing to do with this property so no skin off my back. It just caught my eye so thought someone on here might be interested/make it work.  

评论
Probably student accommodation.

HOWEVER, regulations in Brisbane have recently changed, and only 5 unrelated people can live in a house before boarding house regulations kick in.

So work on the figures of 5 x $150 - max $750 per week unless you want Council trouble, and possibly an insurance nightmare.
Marg  

评论
Don't forget that "offers over $600K" could mean they are really wanting $800K :p  

评论
marg4000 said: ↑
Probably student accommodation.

HOWEVER, regulations in Brisbane have recently changed, and only 5 unrelated people can live in a house before boarding house regulations kick in.

So work on the figures of 5 x $150 - max $750 per week unless you want Council trouble, and possibly an insurance nightmare.
MargClick to expand...

Its SIX unrelated people.  

评论
Yes, it is six now but changes are planned to reduce it to five.
Marg  

评论
Two owners in the complex of 50 have said they want to sell there villas. They havent approached a RE agent yet, here is a link to one of the townhouses that just sold.

http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2007419806

asking $260K and getting $300 and $310/wk

PM me for details.  

Property Investment

Australia property Selling Hints | Sydney

澳大利亚Hi folks I recall ready somewhere about what are some simple tricks for making your place more attractive during a home open. Im seriously thinking of selling my little pad and want to maximise my efforts. Any hints greatly appreciated. 评论 ...

Property Investment

Australia property Re-zoning | Sydney

澳大利亚What would the chances of a NSW Local Council allowing a community titled development (homes, community buildings, etc) on an area zoned Protected Agricultural land? Does anyone have experience in this area? Looking at the local council LEP, ...