I intend to buy another one this financial year and put it in our super fund.There may be a few optional extras that tenants can pay for if they wish but they don’t affect owner’s returns in any way.Occupancy: The occupancy hasn’t been down to 82% for probably 4 years. Rating of Shafston International College I don’t mind buying properties that have untapped potential – I find them to be the most interesting of all.I’m always open to new ideas and strategies.
F.M.11 didn’t write a review. Switzerland
They don't have many body corporate restrictions and council rates and body corp fees are fair, and the building is well managed. I advise anyone considering these units to read the fine print as many hidden fees and clauses are involved with these studios. I think that you missed my point which was, at the same time as Investors were being convinced about the good deals in Shafston Mansions (2001) for $160K to $190K, I was selling two bedroom units in the same general area for $200K – these units are I respect your right to purchase what ever floats your boat, but I also believe people on this site should be made aware of the pitfalls and other options.With this I agree. So for me it's all about having a great locality and also cost containment. The tenant is charged for any item they break or lose (not the unit owner).You may be interested to know that the average sales prices for units sold in that particular building this year are: $144,000 for the smallest non-balcony units in the building; $159,000 for usual balcony units; and $181,000 for river facing units (which very occasionally come up for sale and tend to sell quickly).There is still depreciation benefit for investors – so that makes them slightly more attractive.Capital growth has been outstanding for the last 3 years and I expect this should continue over the medium and longer term, particularly as the alternative studios in Kangaroo Point are much more expensive to buy and own; and generally return much less as a proportion of outlay.Good luck to you Auss007 in your search. Claim your listing for free and give feedback to your clients, respond to reviews and update your profile.
«Expérience inoubliable!» if you want a Kangaroo Point location and views.
Claim your listing for free and give feedback to your clients, respond to reviews and update your profile.
I have bought others in Three of my business associates bought studio apartments in there around two or so years ago and all have seen gains. I always do my homework before I buy anything. The reviews reflect the personal opinion of the student and not the opinion of EducationStars.Are you the owner or do you manage this institution or school? Personally I think they are the way of the future, not just in Brisbane but in the major cities around the world.
People should also be aware that Banks don't like lending on Units under 50 m2. This makes it very easy for investors.My friends and I bought a unit in the building a few years ago and we have never looked back as this has been one of the gems in our property portfolios. J. H. didn’t write a review.
The reviews reflect the personal opinion of the student and not the opinion of EducationStars.Are you the owner or do you manage this institution or school?
The l'academie hotel has beautiful interior decor, as well as a highly acclaimed restaurant and cafe.
I hope the information I have given is helpful to you, or anyone else who happen to be interested in these particular apartments.What also concerns me is the fact that 15 to 20 of these units are for sale at any one time with quite a few staying on the market for some time and then disappear.
We are looking around for a cheap studio to live in part time.
I also noticed while I was in the apartments a strong sewage smell on level 4 with signs on each of the room doors stating that they had a problem with plumbing and that carpets would be cleaned that night. Occupancy sits at 91% / 92% normally…. If you use the per night rate of $100 for the first night and $65/night after that, would a student pay $360 for the 5 nights or pay the weekly rate of $360 for 7 nights. Studio Apartments in this Kangaroo Point building are proving to be superb investments and are great for positive gearing if that's your thing.Apartments are two and three bed and are extremely popular with Shafston students. How much are they going to push rents during this time? Claim your listing for free and give feedback to your clients, respond to reviews and update your profile. There are several on the market at present and sales seem slow.There is two perspectives here.
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Most of my investments happen to be in the locations I know well. So there is much lower risk on that front. Thanks for your info Thomas, wish you all the best with them and seems like you got in just at the right time to benefit from the small capital growth that these units have experienced. Of course if something has to be replaced in the unit such as a microwave, the owner will be charged then – but that is quite rare, and the cost of any replacement is very competitive. When I walked into that building I had calculated a total of $100 left over per week after expenses, when I walked out with all the figures given to me I calculated I was having to pay over $150 a week on top of rental income and that's IF it was rented 100% of the time. Maybe these are just fees for new buyers?? All reviews are written by former students and clients. Shafston Uni Mansions seems to tick some of the boxes.
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