Search results

Grossed up our 6.6% fees turn into 8.9%. The 8.8% fees gross out to 11.2%. That's just the 1 week per year let/re-let and the $5pm petties. The agent we have a few with is great though - we get out of some of the petties fees and she's not religious with the relet fees either from memory. In...

I combined LL & Building Insurance into the one figure (it comes on the one statement undissected). I pay around $330, I've then rounded up as I only pay 80% on insurance, not 100% of policies. So yes, $400 for building and LL is correct, bare in mind it's a small house and it's pretty cheap...

Haven't actually written them out yet, for my post above I did it in my head, but here goes: Purchase price $175,000.00 Purchase Costs $7,000.00 ($5,830 Stamp Duty and I'll round up to incl. conveyancer etc) TOTAL MORTGAGE $182,000.00 Interest Rate 6% Income Tax Rate 30% Rent...

Oh ok sorry, if you want to get antsy over every cent then by my calcs the Eliz property would be about $1k negative over the whole year, and that's assuming no rent rise in 6 months (which there will be, so bring that loss down to about $8-900) - and this is before any depreciation deductions...

When you get to know an area really well, you'll also be able to recognise that odd freak bargain property that comes up. Saw one in Blair Athol year ago that sold for $312k that by all intents and purposes was worth $350k probably rent for $330pw. A unit in Prospect that sold for $197k worth...