For a straight forward rental (ie not WRAP or variant), what levels of yield do people feel are realistic in the current Melbourne market? (yield = annual rent / current property value)
What experience is there out there in the inclusion of white goods (washing machine, fridge, etc.) to increase the yield?
The problem with furnishing a property I’ve heard is that if something goes wrong with it, then you are up for more expenses to fix it!
Striker
Email MeI have a furnished property. One concern was that it might attract only itinerant short term people with no furniture…
However if the property is well located you can lease it as short term corporate accomodation and make a considerably higher rental. These leases can be short as a month or can be 12 months. There will be an agent in the area who specialises in this sort of leasing. Find him and talk to him.
Cheers,
Simon Macks
Mortgage Hunter
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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