Looking at a house advertised for 2.85 mill as a weekender type thing...granted its a beach place and not fancy
Last sold in 2000 for 180k ...in that period wages have roughly doubled off top of my head
Agent says will return $700 week rent, 35k a year before costs.
Yield about 1%, repayments 6%
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Real estate is not rocket science, page-7
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