Plain and Simples, you can still buy 3 bed property for $400-$500k in Brisbane on 600m2+ within 15km CBD
Do the math on even a net 2% pa gain on $80k down, and a mortgage paid off in 30 years.
In 30 years the place has doubled, you have no debt and RENT will be DOUBLE also.
so your $500pw is now $1000 pw INCOME with no mortgage in retirement....and maybe a $1m capital base (from $80-100k).
Still possible to set yourself up with basic assumptions NOW.
These properties for now are cash flow positive.
A $420k property with $336k Mortgage is currently $225pw. Rent is circa $390-$400
eg https://www.domain.com.au/15-scouse-street-acacia-ridge-qld-4110-2015114233
- Forums
- Property
- property bickering
property bickering, page-116
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Steven Gourlay, CEO
Steven Gourlay
CEO
Previous Video
Next Video
SPONSORED BY The Market Online