housing dropping in the inner suburbs sydney, page-14

Here's the sums...SETTELD SUM $330K..fully renovated -beautifully 12 mths ago..

Gross PA rental $24,000 [460 p/wk ]

less strata PA $1200 - 4 storey/nolift-lot of st/cash
council/water PA $1200
insurance PA $550

total costs $2950.

net income $21,0500,= 6.37%