Tuesday, July 11, 2006

Timeshare buy is keeping diver nicely afloat

Grandmother's advice seems to be paying off for this investor, but he wonders if he can do better, Kerrie O'Brien writes.

AT the relatively tender age of 23, Alan Beazley owns an apartment in suburban Sydney. "I was very fortunate to have had my family provide me with an interest-free loan of $440,000 to purchase my first property," he says. "I invested an additional $20,000 that I saved up and purchased an apartment worth $460,000."

Alan has a timeshare plan with his girlfriend of two years, Tatiane. They plan to use it in December when they will head to Europe to see family and friends.




...that's putting your eggs into different baskets, timeshare, property, shares...

Apartment buy is keeping diver nicely afloat - Money - Business - Home

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