Well thats how i sort of see it. Property prices are supported by the rents they generate.
I increased the rent on two properties this week. One by $20 a week, the other by $10.
So to earn $1,560 ($30 x 52 weeks) a year interest you need to have $29,714 in the bank at the current of 5.25%.
Thats why i love property and the reason you should never sell.
I increased the rent on two properties this week. One by $20 a week, the other by $10.
So to earn $1,560 ($30 x 52 weeks) a year interest you need to have $29,714 in the bank at the current of 5.25%.
Thats why i love property and the reason you should never sell.