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  • Profile photo of dpharris75dpharris75
    Member
    @dpharris75
    Join Date: 2005
    Post Count: 3
    October 4, 2005 - 5:21 am

    Thanks guys, a couple of “ifs”?
    If I get it for $43k, and
    if I get the rent up to $50 ??
    That pushes gross yield up to 6% and looking around Sydney most other places are $60k plus, I’m new at this so I don’t see why its such a bad investment (presuming I get 70% finance).

    Although saying that the 10k I have sitting in the bank already gets 6% interest!!! [blush2]

    Thanks again for your help, Damien

    Profile photo of dpharris75dpharris75
    Member
    @dpharris75
    Join Date: 2005
    Post Count: 3
    October 4, 2005 - 5:19 am

    Thanks guys, a couple of “ifs”?
    If I get it for $43k, and
    if I get the rent up to $50 ??
    That pushes gross yield up to 6% and looking around sydney most other places are $60k plus, I’m new at this so I don’t see why its such a bad investment (presuming I get 70% finance).

    Thanks again for your help, Damien

Viewing 2 posts - 1 through 2 (of 2 total)