I was renting the property at this price until i moved back in recently to undertake some renovations.

I managed the property privately while it was rented and had no problems, so would look to do so again.

The structural elements of the insurance are covered through the strata fees – the figure quoted for insurance is a recollection of what I…[Read more]

From $10,920 rent p.a (assuming full 52 weeks) the property covers:

Interest: $9120
Strata: $600
Land Tax: $170
Water: $400
Rates: $600
Insurance: $200

Total Costs: $11090

Net position: -$179p.a (ok, so it doesn’t quite cover it!)

Have not factored any depreciation as I do not pay tax as a PhD student and the unit is 30 odd years old (I have…[Read more]

Thanks for the feedback NHG. The difference levels of growth experienced by the Blacktown house at different points in time were quite dramatic!

My goals are pretty standard I think: I’d like for my partner and I to own our own home, within say 15 years, while also having a diversified investment Portfolio. We are both in our early 30s hoping to…[Read more]