Mon Komo in­vest­ment is all about tim­ing

The Courier-Mail - Home - - DEVELOPMENTS -

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..

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