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Recession impact on property, page-80

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nosirommit

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03/09/15

18:27

Post #: 15931510
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Originally posted by ooicomp ↑

As I told you, your calculation is wrong. Go to check with any accountant.

You have to assume that you borrow 100 percent and add in stamp duty, legal cost plus rent minus outgoing. You have to assume you never have to make a repayment.

A compound grow of 5 percent over 20 years will triple your value. That is the power of compound growth.

I bought my current property at around the same time as you bought at 200,000 in Sydney. At the current valuation of 600,000 is triple the value but the compound growth of 5 percent only over 20 years.

Always bear in mind all valuation is only a guess. The real price is when you sell your property. Property has a timing of high and low and when I sold my commercial property, it took 6 month with one single buyer. Therefore valuation is fake.

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LOL, dodge and weave.

5% stamp duty and costs on $150k property pfft, hardly going to break the bank.

Bottom line, I will be light years ahead of you with your $30k in a term deposit.

Leverage is a powerful tool, learn to use it or you will not prosper.
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