kincella, Please compound the interest at 6% p.a. to give a...

  1. AuCu
    3,233 Posts.
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    11/12/11
    03:18
    Post #: 9422103
    kincella,

    Please compound the interest at 6% p.a. to give a realistic figure.

    Assuming the rental income - optimistically - pays for mortage, you still have other costs that have to be deducted from the $310,000.

    IMO, property is a great investment to live in but not to invest in.

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