David Jennings <news@no-spam> wrote
in message news:3f0b5a40$1@no-spam
> 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.
They're often a mechanism used by spivs and con men.
> How reliable are their return estimates?
There can never be anything sensible to say on that.
Depends entirely on the basis for the estimate.
> Can you get out early (sell to someone
> else perhaps) if you need to?
Varys with the particular syndicate. The short story is that you
would normally be able to sell something you own to someone
else, but you may well have a problem finding anyone interested.
> Any knowledge on this group in particular
> would be nice too. The return seems quite good.