Forum Replies Created
One aspect no-one has mentioned. DHA put this portfolio out to tender. OK Westpac won the tender but it’s London Bridge to a pack of peanuts that they didn’t pay anything like the sort of prices that DHA has been asking from individual investors. And, perhaps, as a condition of their tender, Westpac declined to pay the exorbitant fees and charges that DHA has been quoting to the market.
Funny things happen when the amount of money gets very large. Ask to borrow $100,000 and you get the run-around; ask for $100,000,000 and the Board of Directors will want to take you to lunch, join their clubs etc etc.
Am I cynical? You bet!
An option to include region/suburb/town would be useful.Regards
Lex
Am I missing something? Some of the figures don’t seem to make sense to me – such as “strata agent cost repairs costs between 20399-20919 per yr”.
If that was the case I wouldn’t touch it.
quote:
found property in regional centre rent at moment 525pwk but if tenant moves could get 400-450 pwk at current rent income 27300 fix interest rate @6.25% strata agent cost repairs costs between 20399-20919 per yr borrow 100% so current profit 6381 but if leaves 400pwk 200 p/yr profit or 450 pwk gets 3001 per year, is 2br 2bathroom 1year old so get depreciation tax allowance say its building cost 135k, 2.5% is $3375 tax deduc. on 40% tax cash back is 1350 on profit. so min of 1350 + 199=1549 max of 1350 + 6381=7731 is it worth it compared to the smaller priced houses in regional areas!
