Mon Komo investment is all about timing
ADDING to their investment portfolio, local buyers Robin Barr and wife Patsy used their self-managed super fund to purchase one of six residential display apartments open for inspection at the time at the Mon Komo development at Redcliffe.
The couple, who currently live in Scarborough, purchased the two-bedroom residential apartment fully furnished, after visiting the development.
Owning, and having owned, a number of commercial and residential investment properties, Mr Barr said it was the development’s high quality finish and waterfront location that set Mon Komo apart as an ideal investment opportunity.
“We visited Mon Komo when we were looking for a place to rent while our new house was being built,” Mr Barr said.
“We went on a tour through the development and when we inspected the display apartment, we knew it would be a good investment.
“We purchased the display unit as it was, fully furnished and interior decorated, almost
straight away and have been really happy with how it has been performing so far.
“The Mon Komo complex itself is very well-finished, and by comparison to other developments we saw along the coastline, it was within a league of its own.
“It is well positioned too, right on the ocean front and within walking distance to everything, including shopping centres, cafes, restaurants and parks – which make the property more appealing.
“As an investment, we found Mon Komo was ideal and, overall, is a place where you really would enjoy living.”
Newport residents Sonia and Philip Smithers also purchased a rental property at Mon Komo through their selfmanaged super.
The couple, who first looked at buying an apartment at Mon Komo off the plan, recently purchased a two-bedroom plus study apartment overlooking the water.
With historic low interest rates and a growing demand for rental accommodation in the area, Mrs Smithers said they waited until the timing was right to purchase an apartment at Mon Komo.
“We were interested in purchasing a permanent rental property at Mon Komo when we first visited the development a few years ago, however, decided to wait until we were in a good position to buy,” Mrs Smithers said.
Prices for Mon Komo apartments begin at $275,000 for short-stay investment apartments or $325,000 for a one-bedroom apartment at Mon Komo Residences.
Scarborough couple Patsy and Robin Barr purchased a display apartment at Mon Komo..