Excellent Double Storey Unit, BEENLEIGH QLD

Blue Card! said:
works out to be about 5.3% yield after fees and rates...?

i'm trying to get my parents to look at this, keep us updated yeah?
Click to expand...

Hmm, i had different figures

$240 - 8% PM fees = $220.8

$220.8 *52 weeks = $11,481

$11,481 - $2,000 fees and rates = $9,481

$9,481 / $225k = 4.21% net return

Is this right or am I missing something? Still seems like an average return, what is depreciation like coming from the reno? How old is the property?
 
Hello All

Just a note re is this advertising?, Answer: yes.

Is it allowed, yes.

And in my opinion, anyone who advertises here needs to be "seller beware"! No wood ducks here, only savvy investors ready to point out every flaw.

Provided both sides accept that is the environment, which is the case here, then all is good.

FYI

Peter 14.7
Moderator
 
Peter 14.7 said:
Hello All

Just a note re is this advertising?, Answer: yes.

Is it allowed, yes.

And in my opinion, anyone who advertises here needs to be "seller beware"! No wood ducks here, only savvy investors ready to point out every flaw.

Provided both sides accept that is the environment, which is the case here, then all is good.

FYI

Peter 14.7
Moderator
Click to expand...
Yep, I tried selling a place through here, ended up getting an agent and 20k more through a traditional listing. Was worth paying the agents fees for that one :)
 
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