Based on the median Perth rental figure given at $330 pw and the median house price of about $460,000 that would be about a 3.7% gross return. Take out your expenses and you would be out of pocket about $500 plus pw (if you borrowed the lot and are paying about 9% p.a. interest). With inflation at about 4% and growth rates now minus (read this weeks paper) it doesn't look like a very good investment.
You could always sell your house in put the money in term deposit paying 8.5%.
- Forums
- Property
- rental shortage hyped up
rental shortage hyped up, page-27
-
- There are more pages in this discussion • 24 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
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online