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    Your last investment purchase - Why did you buy it?

    They are high, but not as bad as some of the ones I hear about down here! Around $2700pa; works out to be around $50/wk. Rates $26/wk Insurance $5/wk Management $19/wk Interest $8400 ($120k@7%) - $161.50/wk Totals = $261.50wk So pre-tax, costing me $21.50/wk currently Once I have the...
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    Your last investment purchase - Why did you buy it?

    North Rocky, just off Elphinstone St. Only really came across it as I have another one in the complex and managers put me onto it - was a mortgagee sale/auction. Rocky market is very slow atm, a few good buys coming up that I've noticed over the past couple of months. A lot of places are on...
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    Your last investment purchase - Why did you buy it?

    Latest one settles next week - 2br unit; Rockhampton $133k, rents $240pw. I have another in complex last valued at $180k getting $280pw. Depreciation approx $6k pa. Should achieve similar rent/depreciation after a max $5k spend. Purchased for almost instant equity and CF+.
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