hey blaze, in ur excel calculations the figures you've assumed is a bit bias towards renting
When I was making that post I was looking at this http://www.domain.com.au/Public/PropertyDetails.aspx?adid=2006874220
130K is the asking price. You may deal it 5 – 10% lower the asking price which will make the rent rate to be 11%
Also it is 10 years projection. If it is longer then growth will win. And if it is only 5 years, hands down to the apartment
One of my friends had an apartment in uni lodge about 6 years ago – she was trying to sell it for about $120,000 then – which was what she paid for it about 4 years earlier.
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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