Ok I don't know if this is the best I can get so let me start of.
I would like to think about purchasing this 2 bedroom unit I saw in Regional NSW.
Sale price is $ 150,000
Rent s for $200 weekly.
I didn't ask the Strata Fees but I presume them to be around the $200 a month/$600 a quarter rate.
Now I plan to put 20% deposit down and borrow $130,000
I plan to pay the approx $4,000 stamp duty separately.
Now my broker has gave me these figures
5.65% variable on a 30 year loan paying back $174 weekly
Should I try to negative gear this IP?
I'm 45yo and earn approx 60k per yeara
I would like to think about purchasing this 2 bedroom unit I saw in Regional NSW.
Sale price is $ 150,000
Rent s for $200 weekly.
I didn't ask the Strata Fees but I presume them to be around the $200 a month/$600 a quarter rate.
Now I plan to put 20% deposit down and borrow $130,000
I plan to pay the approx $4,000 stamp duty separately.
Now my broker has gave me these figures
5.65% variable on a 30 year loan paying back $174 weekly
Should I try to negative gear this IP?
I'm 45yo and earn approx 60k per yeara