I was replying to rockets post for an investor with two properties as per his post below, doubt if two properties for rent will come to $3M :
An investor with say 2 x investment properties in Melbourne with the latest valuations could be paying $20,000/year in Land Tax. Divide the $20,000 between the two investment properties means an extra $10,000 each property will need in rent to breakeven each year due to the inflated valuations.
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Last
$2.36 |
Change
0.095(4.20%) |
Mkt cap ! $3.113B | |||
| Open | High | Low | Value | Volume |
| $2.33 | $2.41 | $2.30 | $12.59M | 5.314M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 23 | 239919 | $2.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.36 | 74746 | 23 |
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| Last trade - 11.22am 13/09/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |