All Topics / The Treasure Chest / Is this a good property to invest in? Pls help

Viewing 1 post (of 1 total)
  • Profile photo of gauravgaurav
    Member
    @gaurav
    Join Date: 2003
    Post Count: 5

    Hello World,

    I am about to start investing… I have not yet found property that meets Steves 11 sec rule… closes I have got is 8-9%.as opposed to steves 10.4% target.

    [?] 1)Where are these properties.. I know they exist in regional areas; but how to find out or research information /tenancy rates/ of these regional areas.

    [?] 2) I have a property in Wagga that is worth 95K returning $125/week… now is this a negatively geared property that has +ve cash flow? Is this a good proposition?

    95k Interest only loan @ 6.25% – $5937
    Rent @ $125/week + $6500
    Insurance/Body Corporate – $ 247
    Depreciation – $ 500
    Rent Commission – $ 105
    GST $ 10.5
    Maintenance – $ 200


    Total Tax Deductions – $ 500


    Tax Refund ( @ 30%) on $500 $ 150



    CASH FLOW

    Interest – $ 5937
    Rent + $ 6500
    Insurance/Rates – $ 247
    Rent Commission – $ 105
    GST – $ 10.5
    Maintenance – $ 200
    Tax Refund + $ 150


    CASH FLOW FOR THE YEAR [:)]+ $ 149

    3)[?] Now Lastly this property seems to return 6.8%/annum. With say projected capital growth of approximately 5-6% annum… would you recommend to invest in this property?

    4) [?] Where can I get information on Australian cities i.e population, economy etc.. is there any website that any of you would suggest?

    Ladies and gentlemen, thanks a ton in advance

    Gaurav

Viewing 1 post (of 1 total)

The topic ‘Is this a good property to invest in? Pls help’ is closed to new replies.