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|
|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|