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Thanks for that, Boomtown.
So what is considered here to be a healthy gross yield?
Yay my first post - just found this forum a few days ago and its been a great read.
Im confused as to exactly what purchase price I base my gross yield on:
Bought PPOR Jan 2005 for 260k then in Jan 2007 bought my partner out (paid her 90k) - Valued at 440k.
So I turned it into an IP in Feb 2007 - renting it out at $420 per week.
My guess is that I base the gross yield on the price from which I bought out my partner so at 350k. 21840/350000 = 6.2%.
I'm assuming I don't base it on the 260k initial purchase price as it was my PPOR or the 440k which it is worth now?
Any confirmation of the above would be great.
Yay my first post - just found this forum a few days ago and its been a great read.
Maybe site confusion?
There's a member on Aussiestockforums called
It's Snake Pliskin
If you base your yield on purchase price, do you add stamp duty and other purchase costs to the purchase price before you calculate the yield?