Hi, this is my first post. Need opinion on the mentioned development. I recently booked but have not signed contract for a 36sm studio for aud300k which includes stamp duty, a 5k furniture package n rental guarantee of 6.5% for first year.
I need to know if it is better to pay off the unit outright or take a loan? As a foreigner I heard that rental income tax is 28%, would taking a loan significantly reduce the tax or it is negligible?
As I have not signed the contract , I appreciate any positive or negative comments on whether I should go ahead with the deal. My unit is in tower 1 at mid floor.
Thanks
I need to know if it is better to pay off the unit outright or take a loan? As a foreigner I heard that rental income tax is 28%, would taking a loan significantly reduce the tax or it is negligible?
As I have not signed the contract , I appreciate any positive or negative comments on whether I should go ahead with the deal. My unit is in tower 1 at mid floor.
Thanks