|
|
 |
CAR PARKS, A HIGH YIELD INVESTMENT
Car Parking Spaces The mounting scarcity of car parking spaces in Sydney and Melbourne is giving quite a boost to the niche investment parking space market. Brett Matthews, joint CEO of Secure Parking, which operates and manages around 180 car parks around Australia, says that some parking spaces in Sydney CBD have sold upwards of $80,000. The average cost of one in Kings Cross or Ultimo would be $50,000. Sold through real estate agents, car park spaces give a consistent return of 6.0% to 8%,the rents are usually indexed to inflation (handy if high inflation hits) are fully managed, and would usually be managed by a reputable operator on long leases. Capital Growth is usually tied to the rental increase. In other words, if rents go up 4% per annum, that is you capital growth. In Melbourne, expect to pay anywhre between $35,000 to 70,000 for a well located, high yielding space. But they are very safe and secure, and it is sure better than leaving your money in the bank! Newer car parks, in desigbnated office buildings, will be easier to manage and will give higher returns than private car parks offered by individuals in residential buildings.
| |
|
 |
|
 |
YOUR SAY:JULY 2010: VOTE NOW!: Are Australian House Prices about to Crash? (Please vote for what you think will happen, NOT what you HOPE will happen)
|
|
|
|
|
Show Survey Results
|
----------------------- |
|
|
 |
|
 |
|
"Your site is an amazing collection of relevant, quality property information. I've found so many tips I've personally overlooked myself in the past"
Chris W, Hong Kong
"I've just joined. Great value. Great information. Highly recommend."
Rob McMahon USA
"I live in London. It has previously been impossible to get good Australian Property info."
Suzanne Addison UK
"Excellent tax information. I had no idea investing in Australia could be so tax effective."
Peter Poh, Singapore
"Excellent Site - I was very skeptical about joining, took a special offer you gave, and...well, I signed up straight away for two years"
K. Leong,
Kuala Lumpur
"Two years ago I sold my property in Australia. Now, having become a member, realise what I should HAVE done instead. Thanks."
Mike C.
Hong Kong
"Great Information. More specific content than expected. Will be loggin in regularly as we start leaping forward."
D.Lynch, Singapore.
"This website is even better than I ever imagined. Thank you for your steadfast, Herculean efforts toward a great Information Centre for Non Residents."
Brian M.
Beijing, China.
"Australian Property Investor.com is without doubt the best web site of it's type. you have solved this for me!"
Paul Stewart, London
" What I like about this site, is that it is written by people in the market themselves, right now, where a lot of other websites either never invested in in real estate or don’t invest anymore.
Len Wong,
Shanghia, China
|
|
 |
Just Released!
NEW!
"The Foreign Buyers Complete Guide to Buying and Profiting from Australian Real Estate"
By the World's leading expert in this field. Just launched! |
|
|
|
|
Feature Articles
