Those who watched the series may remember Frank Valentic purchasing the first house for a client. This snippet from the recent AdvantEdge newsletter suggests that there may be opportunities where they are least expected, even in a down market.
Now, before people reply with , "Yeah, but if not for depreciation," or "What about all the other costs" etc, I'm not suggesting this is the year's best deal. Only that there is often something to be gained by those willing to swim against the tide.
Now, before people reply with , "Yeah, but if not for depreciation," or "What about all the other costs" etc, I'm not suggesting this is the year's best deal. Only that there is often something to be gained by those willing to swim against the tide.
Our Property Management team achieved a great result for our landlord that purchased Polly and Waz’s property on “The Block” for only $855,000. We achieved a rental of $995 per week fully furnished, much higher than the estimate of $700 per week from local Richmond agents. With around $40,000 in the building, chattel and furniture depreciation, our client will achieve a whopping 9.2% return...