Recent content by 7seven7

Thanks for your response. There is no immediate need for the money but it seems like there are many better options to invest the ~$600k. The plan would be to likely add $400-500k to a balanced high yield (~9% dividend yield gross) stock portfolio and have the other $100-200k invested elsewhere...

Well I am looking at the yield it generates today and when compared to other options - it is not as good even when factoring in the capital value growth on top of rental income. What are the prospects for a very old house in a good area and on a reasonably large block like this one? The main...

Thanks Kent, looks like selling and investing in something else would be the best option. I don't quite follow what you are saying in point #2 though (the property was bought a long time ago for around $20,000 if I recall correctly so the return on initial equity is a bit of a non-factor as...

So a friend of mine owns a property in a desirable area in Perth (East Victoria Park). Around a 7km drive from the CBD. It was bought 25+ years ago and so if sold now, there would be no capital gains tax required to be paid. It has been a rental property for 25+ years and my friend is now...

We sold ours around 8 years ago for $750 in Perth. Didn't even advertise it, someone just must have seen it while driving by and they stopped and asked if we would sell it.