Advice on the following find in Perth, 4km from CBD:
2 Bedroom, 2 Bathroom, double car port apartment in 3 years old apartment. Looking at similar properties for rent, it can fetch min $400 a week.
Starting price is $440,000
Say for instance a total sale price of $460,000 which includes extra fees and 6% interest (you can currently fix at mid 5% for 3 or more years).
Interest costs come in at $27,600 a year.
Rental return at $20,800 a year (@$400 a week, but it could be more)
What about depreciation, how much can be claimed back etc?
Another dilemma, excluding a FT, who's name should it go under, my wife who is a stay at home mum, or me, a $150k plus earner?
Anyone, throw ideas and comments at me, please.
Revoked, its an apartment on top of a strip club.
At least you found out before you bought it.
haha, that sounds awesome. maybe you can negotaiate better terms that will involve free services from the strip club?
haha
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