Guys and Gals,
For a bit of clarity, who's game to post their SS username here?
I'm going by 'Television' over on Somersoft.
Can't thank you guys highly enough for making the recommendation to join that forum, I owe you all a beer/burger/protein bar whatever when/if we meet.
aamiinterested to know who folks have the landlord and building insurance with?
Interested to know who folks have the landlord and building insurance with?
well my trip to Melb subirbs is cancelled.. Looks like over inflated prices and rental yields have screwed it as a investors paradise..
Im heading to tasmania to look at 3 properties worth 180k each
Purchase - 180k
Rental/week - $300
Rental vacancy - 0.3%
Council Rate - $600 year
House first sold for 50k back in 1991
now 180k in 2011. Not the best as compared to sydney.
Doing the maths to see if it neutral geared?
300x52x0.93 = $14508 or $1209 a month
Repayments on 180k @ 6.79% interest = $1,131.81
Rent minus repayments = $78 a month
Factor in water rates and council rates = $0 i pay to maintain that house
I think ive found a positevly geared property.
Once i jack up the rent to $320 .. i will make $1000 a year.
Now times that by 3 properties = $3000 a year passive income..
Might sell when im 50 years old..
expected $1.2 million clear after taking away CGT and other expenses.
Total cost to maintain 3 houses for 15 years?
Less than 500 bux a year.
OK Tassy here i come...
well my trip to Melb subirbs is cancelled.. Looks like over inflated prices and rental yields have screwed it as a investors paradise..
Im heading to tasmania to look at 3 properties worth 180k each
Purchase - 180k
Rental/week - $300
Rental vacancy - 0.3%
Council Rate - $600 year
House first sold for 50k back in 1991
now 180k in 2011. Not the best as compared to sydney.
Doing the maths to see if it neutral geared?
300x52x0.93 = $14508 or $1209 a month
Repayments on 180k @ 6.79% interest = $1,131.81
Rent minus repayments = $78 a month
Factor in water rates and council rates = $0 i pay to maintain that house
I think ive found a positevly geared property.
Once i jack up the rent to $320 .. i will make $1000 a year.
Now times that by 3 properties = $3000 a year passive income..
Might sell when im 50 years old..
expected $1.2 million clear after taking away CGT and other expenses.
Total cost to maintain 3 houses for 15 years?
Less than 500 bux a year.
OK Tassy here i come...
If you're not struggling for cashflow, I would have thought you'd be aiming more CG rather than yield, to take advantage of negative gearing on your high salary.
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