Wow! What a Return!
Situated only a few hundred metres from Warrnambool's famous Lady Bay beach is this newly refurbished 1 bedroom apartment. With spacious, light filled living area, it has the flexibility to be used as a permanent residence, permanent rental or as it is currently, managed on site for short term accommodation. It has seen consistent returns over the last 3 years, which see the owner netting in excess of $310 per week and grossing just over $600 per week. These returns make this investment one of the rare positively geared properties in the market today.
(Note: This is on the assumption of a 10% deposit and borrowing rate of 5%).