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BUDGET 2008 - Rental Affordablilty Schemekenton [24 Posts] OK, so I get $8000 per unit per annum for new units rented out at 20% below market value to low-income families. Let me do the sums ............ I build a cr@ppy block of 10 x 1br units where the market rate is $125pw and I charge $100pw. (cost $900,000) $80k pays the interest on the loan and so I have +CF of $1000pw for the block Where do I sign up!!!!!! |
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In The NewsGazumping running rampant! Australia's housing shortage could fuel a new round of illegal rent auctions according to the HIA. The undersupplied housing market has forced rental prices up and escalating prices means Gazumping - where a seller continually raises the price - a method which is both informal and illegal is now rampant in most capital cities. Quiet month for August After strong growth in July property buyers waited to see if the RBA would cut interest rates, leading to a restrained month in the property market for August. Housing Industry Not In Crisis Leading Economisists believe the Australian Housing Industry will continue as is despite Tuesday's interest rates cut. Today's Tip"OPM" means Other People's Money <more> Active forum topicsTime to invest? Author: ohricey Just bought in a Mining Town Author: stu_macca Who's OnlineTake The Test
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