Investment Property Holding Cost Calculator
I’ve been really busy lately spending the last 3 months house hunting for an investment property. From knowing nothing about property & fearing about being in debt, I am now a proud owner of a two bedroom apartment! I think what’s stopping a lot of people from getting into the property market is fear of the unknown or more so fear of a misconception. Let’s put it this way, if you can afford to pay $200/week in rent & live comfortably, you can afford your own 2 bedroom apartment with the same weekly repayments (if you lease 1 room out). I never knew owning your own property was that affordable until I started looking into property investing. Given the constant increase in rental prices, it’s not surprising to find rent almost equalling a mortgage repayment. Read more…
