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I rang the mortgage centre and was informed l could only have the bank val if it was marked an open valuation.
cheers yadreamin
I rang the mortgage centre and was informed l could only have the bank val if it was marked an open valuation.I havent come across this before, l quess "open "means open for all to know/see.
Anyway mine was marked "open" and the bank val in August was 560k, at the time they[the valuer] asked me what l thought the val was and l said 570k. So Bank
560k, me 570k ,R/E 580k, for those who are interested l bought this place in Feb 1999 for 170k, probqbly spent 50k on it over the time.
cheers yadreamin
"KPH"Would be nice if the rent return caught up with the current market prices first
C'mon, kp. You can hardly grumble about the low yields when capital growth the last few years has been 30+% p.a.!!
Hi all,
Ahhh!!!
"KPH"
When, WHen, WHEn, WHEN!!! were rents meant to pay for the property???
Where is it written that rents have to catch up to the price of property???
In the mid '80's BEFORE the boom, the gross rental return was only HALF of interest rates. (or thereabouts).
bye
Perth needs some serious rent adjustments (like 100% upwards)...
Sounds like Sydney in 2003......
the only reason to hold is to avoid the huge tax slug, otherwise I would off load without hesitation