Do this quick calculation to find out if the rental yield covers your owner and maintenance costs.
1.
Add up the annual rent you can expect to receive.
2.
Subtract the annual expenses (for example strata levies, mortgage repayments, repair and maintenance fees, insurance…anything that is an ongoing cost that comes with maintaining or owning the property).
3.
Divide this number by the total property cost (including property price
4.
Multiply this number by 100 to give you your net rental yield percentage.
and any fees or taxes).
Artist’s impression
Choosing the right developer There are countless property developers operating in Australia and it can be difficult to determine which one is right for you. Some focus on specific property types like stand-alone apartment buildings, while others deliver entire communities with homes, parks and amenities. It’s important to do your research before buying with any developer by taking a look at their existing projects. Do they have a track record of completing them on time? Do you like the style of the homes? Were there any issues with quality? If you have friends or family who have purchased a property from that developer, it’s great to get insights into their experience. Visiting display centres and speaking to a consultant can also help you get a better feel for the type of developer you’re dealing with and any important information about the company’s history.
Why invest in Australia
Choosing the right developer
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