Mum and Dad said go for it!
We had a joint discussion with two generations and devised a plan. These 40-something parents now have a growing portfolio of 3 properties, 2 high yield regional and one capital city property on large land. Their retired parents’ advice: “we wish we had done what you are doing with property 25 years ago”.
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$485,000
Purchase Price
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$1,050,000
Current Value Price
$662,000
Equity Growth
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$500
Starting Rent
$770
Market Rent
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974 sqm
Land Size
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$388,000
Purchase Debt (80% Loan)
10.32%
Return on Debt
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0.8%
Vacancy Rate
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4
Beds
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2
Baths
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4
Cars
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