Investing in a car-parking space- Use RealRenta to automatically manage the tenancy

One of the most prohibitive deterrents of investing in real estate is the upfront cost.

Convenient car parking spaces can be a very lucrative investment and in capital cities like Melbourne & Sydney, some people will be willing to pay a premium, to rent out a space which is close to work or home.

Some very savvy property investors have started acquiring inner city spaces as investments, taking advantage of high yields and capital gains.

In Australian capital cities, demand far outstrips the supply of car spots in CBD locations, airports and near sporting facilities.

Many of these spaces are strata-titles and they are very easy to maintain, unlike purchasing an investment property.

If you do need to borrow funds to invest, some lenders classify car parks as "specialised property” and view these as a higher-risk investment.

If you need a loan, contact us @ propertyloans@realrenta.com  and we will arrange for our broker to contact you.

You can use RealRenta to automatically manage the tenancy of the parking space for you- it is really easy and once it is set-up, you won’t have to do a thing!

You can also advertise your space for free on RealRenta and our partner websites (Rent.com.au & Homely.com.au)

Start your Free Trial of RealRenta here:  https://app.realrenta.com/Signup.aspx

Marlene Liontis
Wednesday, 29 January 2020

Join our mailing list Receive Free Property Tips and news

Now Partnered With


Contact Us

1300 11 RENT (7368)