Hi Trooper,
Is this positive cashflow @ 6.5% gross returns? Putting depreciation aside for the moment. Have you factored all your costings in. What is the asking price $230,000-240,000?

Expenses:
1. Body corp contributions
2. Council rates
3. Water & sewerage access charges (if not charged to the tenant)
4 Management & letting fees (8.5% of gross…[Read more]

Hi Simone,                It sounds like you have been contemplating this purchase for a while now and have not made an offer or any progress.Consider the following:- Are there many properties for sale that you can somewhat compare or under offer in this price range.- Have they been sitting for sale for a long time (I can check this for you)- What…[Read more]

Hi Trooper,
A couple simple key points to consider.

1. Is the population stable (increasing)
2. % rental market compared to owners (can find all this free info on domain.com.au)
3. Is it low risk- based on presumed figures it seems if market variations were evident you would certainly have a buffer
4. If the one next door is currently rented @…[Read more]