A Quest Properties investment means there’s none of the usual frustrations typically associated with owning a residential investment property.
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 |
| 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 |
| 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 |