All Topics / General Property / selling In NSW

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  • Profile photo of trevor Lakertrevor Laker
    Member
    @trevor-laker
    Join Date: 2007
    Post Count: 6
    June 15, 2010 - 4:53 am

    I am currently looking to sell a block of investment units in the Town of Armidale NSW
    My current rental return is $34,320P.A. I am looking to sell around the $495K and have been advised that this is a 7% rental return can someone explain how i get this figure
    My target for tenants is usually student Doctors/Dentist  (international ) so as to get long term tenants
    Can anyone confirm this and explain a strategy other than real estate agents how I might list my property for sale

    Profile photo of basbogbasbog
    Participant
    @basbog
    Join Date: 2010
    Post Count: 58
    June 15, 2010 - 6:53 am

    495,000 times 7% = 34,650

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