Search results

Umm ...right

Not disagreeing, the calculations are identical :)

Just to remove any doubt: http://www.realestate.com.au/property-villa-wa-south+hedland-107172919 $870,000 renting for $1750/wk. You can buy it today if you wish, the agents number is on the ad :D I'm not saying it is a good deal though.

However just to clarify, this is in Canadia right?

I think this is what you are asking for: 1) Rent: Your annual rent will be $7800 ($650 x 12) 2) Gross rent return: Annual rent ($7800) as a percentage of buying costs ($10,900 assuming that $2900 + 8000 reno is needed) = 71.55% ($7,800 rent divided by $10,900 x100) 3) Mortgage repayments...

I would agree with you, but then we would both be wrong.

Rubbish. 7% return, before paying other expenses such as council rates and property mgmt fees, can be found in many places. Look at the data tables with rental returns in the back of a copy of Australian Property Investor magazine for an idea on the areas where these can be found. You will...