Hello all,
Last night I came across a property syndicate run by Australian Unity
offering 8.5%-9% over six years. Details are at
http://www.australianunity.com.au/au/inv/investments/property_trust/regional
_retail/default.asp. It's investing in retail space in Tamworth and
Ballarat.
I was wondering if anyone had any wisdom in general on property syndicates.
How reliable are their return estimates? Can you get out early (sell to
someone else perhaps) if you need to? Any knowledge on this group in
particular would be nice too. The return seems quite good.
Cheers,
David.
"David Jennings" <news@no-spam> wrote in message
news:3f0b5a40$1@no-spam
> Hello all,
>
> Last night I came across a property syndicate run by Australian Unity
> offering 8.5%-9% over six years. Details are at
>
http://www.australianunity.com.au/au/inv/investments/property_trust/regional
> _retail/default.asp. It's investing in retail space in Tamworth and
> Ballarat.
>
> I was wondering if anyone had any wisdom in general on property
syndicates.
> How reliable are their return estimates? Can you get out early (sell to
> someone else perhaps) if you need to? Any knowledge on this group in
> particular would be nice too. The return seems quite good.
I've always found their estimates quite reliable and all the syndicates I've
ever invested in (which is heaps) have outperformed my expectations. But
then I did it 5-6 years ago, and word is the quality has gone down since
after people have picked the "low hanging fruit" already.
Yes, they're often tradeable (check with the manager whether they intend to
list on the Austock exempt property market etc.) - don't count on trading it
because it's quite illiquid. You could be waiting weeks. Often mgrs will
also send around a letter to existing investors asking whether anyone wants
to buy more units.
Wog