A fully furnished, community titled one bedroom tenanted unit.
This unit is is one of forty four in the Complex and each month the owner receives 1/44th of the rental distribution pool. The rental distribution pool is total rents received less management, strata and maintenance fees.
All units in the complex are identical and all receive the same monthly distribution. So for an investor, the answer to the “which one to buy” question is easy – buy the cheapest!!
Owner outgoings are limited to Council and Water rates.