Welcome to the Australian Ford Forums forum.

You are currently viewing our boards as a guest which gives you limited access to view most discussions and inserts advertising. By joining our free community you will have access to post topics, communicate privately with other members, respond to polls, upload content and access many other special features without post based advertising banners. Registration is simple and absolutely free so please, join our community today!

If you have any problems with the registration process or your account login, please contact us.

Please Note: All new registrations go through a manual approval queue to keep spammers out. This is checked twice each day so there will be a delay before your registration is activated.

Go Back   Australian Ford Forums > General Topics > Non Ford Related Community Forums > The Bar
Reload this Page Australia housing bubble
Register FAQ Calendar

The Bar For non Automotive Related Chat

 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 25-07-2022, 01:44 PM   #11
Polyal
The 'Stihl' Man
Donating Member2
 
Polyal's Avatar
 
Join Date: Jan 2005
Location: TAS
Posts: 27,586
Default Re: Australia housing bubble
Quote:
Originally Posted by fordomatic View Post
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.
__________________
  • 2017 Toyota Prado (work hack)
  • 2017 Mitsubishi Pajero Sport
  • 2003 CL7 Honda Accord Euro R (JDM) - K20A 6MT
  • 1999 Lexus IS200 - 1G-FE Turbo 6MT
  • 1973 ZF Ford Fairlane
Last edited by Polyal; 25-07-2022 at 01:55 PM.
Polyal is offline   Reply With Quote Multi-Quote with this Post
 

« Previous Thread | Next Thread »

Forum Jump


All times are GMT +11. The time now is 06:07 PM.

Australian Ford Forums - Privacy Statement - Terms of Service - Top

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Other than what is legally copyrighted by the respective owners, this site is copyright www.fordforums.com.au
Positive SSL