Hi
I am not sure how to view whether a property is still as good as when you bought it.
Say you bought a property at $300,000 for a rent of $400pw which is nearly 7% gross yield.
Over the next 5 years of holding this property the value is say $470,000 rent now $450pw which is approx 5% gross yield.
From a capital gain perspective you have done not too badly. but the rent has not sustained the yield.
How would one view this property.
Assuming all has been done and all figures are market prices etc.
SG
I am not sure how to view whether a property is still as good as when you bought it.
Say you bought a property at $300,000 for a rent of $400pw which is nearly 7% gross yield.
Over the next 5 years of holding this property the value is say $470,000 rent now $450pw which is approx 5% gross yield.
From a capital gain perspective you have done not too badly. but the rent has not sustained the yield.
How would one view this property.
Assuming all has been done and all figures are market prices etc.
SG