HoBo:
Rent
$13,520pa / 52 = $260pw
Buy
$330,000 + $13,000 (stamp duty) x 6.75% = $23,152 (IO)
1% maintenance/strata/council/levies/sinking fund/water = $3,300
Total = $26,452 / 52 = $509pw
Rent difference
509 - 260 = 249pw
Negative gearing
40% of 249 = 99.6(100 to round it of)
Total loss(as you will say) = 509 - 260 - 100 = 149.
so the total loss is 149 not 249pw which is 3% of the capital risk, which IMHO is a risk worth taking.
cheers,
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HoBo:Rent$13,520pa / 52 = $260pwBuy$330,000 + $13,000 (stamp...
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