All Topics / General Property / Anyone wanna start a (100% int cost + all fixed cost) less than rental thread
Who is first to start a list of all the suburbs where all fixed expenses plus interest cost are less than rent at the moment? Maybe using the current 5 year IO @ 100% of purchase costs. Include all cost including vacancy.
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me"I think of finance as a technology, a way of getting things done." Robert Shiller
Would be a pretty short list:
Moranbah
Dysart
Blackwater
Newman
Port Hedland
South Hedland
KarrathaAll make the list comfortably at 10%+ yields and near 0% vacancy rates. Go the mining boom
Okay, have not really been on the forum since march. This was a huge conversation starter(not). Few things have changed since then. What about now? Who is willing to reveal the burbs that are paying for themselves?
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me"I think of finance as a technology, a way of getting things done." Robert Shiller
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