hawkers, try this.
$500k rental property with 20% deposit so $400k loan.
Interest only repayments is $460 per week
Rent is $480 so covers interest and costs.
So it is costing you nothing to hold.
Average 8% growth 10 years is worth $1m, you still owe $400k but have $600k in equity
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- surely they must be getting nervous?
hawkers, try this.$500k rental property with 20% deposit so...
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