To rent out
The property prices bracket is around 550 - 600k for 2 bedrooms
Body corporate approx 4k per annum
Judging from the current south yarra apartment, do you think it would be possible to get like $500 per week?
Since the completion is in 2011 (2 years later), I used extra 1-1.5% from the current home loan rate as my repayment calculation and I ended up with approx 1-1.5k repayment (assuming the property is rented out).
what do you reckon?
A friend of mine managed to secure a loan about one year early before the completion. I was thinking to do the same see if I have any luck with it. Obviously you would be able to get an estimate evalution from the bank's agent. Which is great! before i actually commited to sign it.