what a pack of morons - commercial prop
You guys really confirm your ignorance of simple maths let alone planning.
" Put money into commercial property."
Imbiciles & idiots.
You place 35% equity into a commercial unit then you pay, stamp duty, Conveyancing and land tax as well as commerial Insurance against fire and destruction and then you may get a tennant. Average yeild WAS 8.5% prior to rate rise and now the Commercial Property index rise for 05 may get to about 3%.
So, with deposit and costs of +/- 7% of valuation you have an empty factory unit and your looking for a tennant along with all the other mugs with Self managed supers funds.
what a pack of idiots.
OR
you could put 100% of your equity and margin into a LPT which the sector has and average yeild of say 10% ( ING office , Macquarie office etc etc.), so simple people your get 100% of your capital - no entry cost and exposure to minimal on costs and no stress looking for and getting tennants to pay. - The Capital gain is reflected in the share price - oh yeah and if the ass falls out of the Commercial Property sector your can sell immediately - drive around and see how many new industrial estates are EMPTY with for sale signs plastered everywhere.
dont be a sheep - read the red and GET ADVICE!!!!!!!!!!!!!!
singas
I ahve MOF - made 14% yield 04 - Target 11.75% for 05
