Originally Posted by
LaserEyeKiwi
No if you work it out from the numbers they provided, the average per unit gross rent is roughly $800 pw. The 5 x 3 bedroom units are going to be luxury penthouses i think, so probably more like $1500-$2000 per week.
they are charging premium prices for the advantage of BTR (long term leases with no threat of termination, plus sylvia park location)
can picture them being very popular with retirees, far cheaper than retirement villages and one has security of knowing they won’t be forced to move by a landlord.