Australia housing bubble

[Polyal]

Originally Posted by fordomatic

The agent charges 5.8% including GST, so it's definately in their interest to get more rent.

I looked at rent in that area and I could have easily got more, im happy though. Remember this is all business mate, you don't make friends in business. Agents are there to make money, not help people, it's just reality.

It is but RE is the grubbiest business getting around...sorry I have no love for the industry.

Interested in peoples thoughts, this is just one example.

https://www.realestate.com.au/proper...arne-139905691

So rental income is $560 per week, but the weekly repayment calculator on the same page notes $714p/w using $150k.

Am I missing something? How is it good to lose $8k per year as an investment, and thats just the repayments.