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    Buying a property that you rent

    Thanks for taking the time Scott, appreciated muchly. Same goes for all those contributors.
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    Buying a property that you rent

    A thousand apologies Aaron, Spludgey et al. I have just re read my post and realised that I made a critical error! Its 28k per year and high fives i.e 570,000 dollars for the property. That changes things a bit doesn't it Skip
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    Buying a property that you rent

    Aaron, how are getting the 6% figure?
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    Buying a property that you rent

    Sorry Aaron, Spludgey i don't follow. Are you saying nobody will buy it because the yield is not good enough, i am just a bit lost and I really want to 'catch your drift'. I rent the shop, i pay the rent 28k, I pay ALL the outgoings; insurances, rates etc. I worked out that based on the figure...
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    Buying a property that you rent

    Thanks for that advice Aaron. I definitely feel that the property ticks a lot of boxes; really vibrant shopping strip, lots of cafes, gastropubs, eateries, you know that kinda scene, stca you can build up or behind or both. Very easy i should imagine to rent out in the future or for that matter...
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    Buying a property that you rent

    Currently paying 28K per month rental on a retail shop in a nice shopping strip. Now have an opportunity to purchase the building at around high fives. my first thought is that it makes sense to do that however I have no idea how to evaluate such a proposition. Any help that you smartybrains...
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    freeway flat

    Hi toony I doubt I'd want to sell but obviously the rental return is better if you pay less in the first place and if the area has what renters are looking for then wouldn't it make sense to purchase below the areas market value. The good suburb virtually guarantees CG albeit a tad lower than...
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    freeway flat

    I'd like to get your thoughts on apartments that are VERY CLOSE to major roads, freeways in particular but are also close to parks and other amenities and are in really nice suburbs. my gut tells me to focus on the suburb moreso than the properties actual positioning provided the price reflects...
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    Reaching new heights - Inner Melbourne

    I don't think you can really give much credence to current graphs. As property becomes more expensive , home owners with equity use that to renovate their homes so a property that was worth say 300k pre reno might now be worth on todays market 480k. The data shows that when that property sold it...
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