Ok
So there is another similar but better deal here![biggrin]
Asking price $125k
Annual outgongs based on loan of $131k, $13622.
Annual Income, $14532

Cash positive $909 pa, with no up front cash required and annual rent reviews with min 3% increase each year for last 8 years.

I can access a loan for 100% plus costs based on equity in other…[Read more]

This deal wasn’t as good as first appearance – i guess that isn’t uncommon, but still not too bad, it would still be cash flow positive with a 10 – 20% dep. I was actaully looking at an old listing (and old price), and the rent quoted on that ad was not right. The updated price / rent is $108k, $200pw return. Outgoings about $3.5k p.a.
Finance I…[Read more]

Its student accomodation studio. Don’t have $95k in my back pocket….but do have equity! Saw some other similar but at 110k, and they are 19sqm (!)
Regards
Doug

Doug Finch

Thanks Richard
Just wondering – is it possible to get finance on apartment <50sqm as I have come accross a potential deal for a studio in Bris CBD, returning $230 wk and listed at $95k, haven’t got into the nuts and bolts yet but I’m guessing its less than 50sqm.
Regards
Doug

Doug Finch