Christ! $405. My pipe dream will be shot down in flames!

How is the figure of 3.2% even reached? What’s the formula there?

There’s no units but it’s a real mix. Executive properties at the top end, I can’t find old listings now but I think rented for around 700pw and I’ve seen granny flats recently for around 280pw (on gumtree). To me, knowing the few rented houses in the immediate vicinity to me and what they are – 1970s/80s- that figure would sound about right for an average really.

I agree, My property is very unique (I’m thinking not in a good way for maximum rental return) in the 2 bed upstairs, 1 down. Not particularly suitable for young families, Public transport is horrendous and not near any cafes or anything, so not ideal for students sharing.

In the rumpus is a full snooker table and bar – so would suit a couple who like to entertain, have space for guests etc. Which is what we intended I suppose. Long term plan is internal stairs for combined upstairs/downstairs.

Will speak to some local agents about it, thanks so much for the help!