A Quest Properties investment means there’s none of the usual frustrations typically associated with owning a residential investment property and no need to worry about things like minor repair and maintenance obligations or property management fees.
Rents are paid monthly direct to you without any deductions. You own a secure, strata titled investment property with none of the hassles associated with finding tenants, worrying about unpaid rent or vacancies.
| Associated Costs | Quest Properties | Typical residential property |
|---|---|---|
| Lease | Long term lease with a trusted Australian brand. | Short term 12 month lease and changes of tenants |
| Rental increases | Fixed annual rental increases at 4% or CPI with 5 year market reviews | Uncertain and subject to market conditions |
| Vacancy periods | Nil – rent paid regardless of occupancy | No rent when vacant between tenants |
| Agent Management fees | Nil | Landlord cost – typically 7-8% of rent |
| Repairs and maintenance | Quest responsible for non capital repairs. | Landlord cost – all major and minor repairs |
| Body Corporate fees (Admin fee) | Paid by Quest Operator | Landlord cost – paid quarterly |
| Body Corporate (Sinking fund) | Landlord obligation – capital account contribution | Landlord obligation – capital account contribution |
| Building Insurance | Paid by Quest Operator | Landlord cost |
| Furniture and Fittings | Quest obligation to maitain and replace | Landlord obligation (fittings) |
| Letting fees | Nil | Landlord cost – typically 2 weeks rent |
| Advertising | Nil | Landlord cost |
| Capital works | Landlord obligation, programmed & managed by Quest | Landlord obligation as required |
| Building depreciation allowance | Full taxation benefits | Full taxation benefits |
| Property Inspections | Daily | 6 monthly |