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Scenario: With 5.1% Gross yield. Net Yield after major exp interest only 7% = (1.9%). 6month cash deposit 6% - RWT 33% = 4.02% Net NO wonder all the investors ve disappeared.
I own some land freehold, I have been looking at some relocatable 2-bed homes for around 140k delivery inc, + 30-40k reno's If I got it on the land, Parkvale Tauranga, it would have a minimum valuation of 400-450k, with similar homes renting for $550-600 pw 250k in equity, with about a 5.7% gross yield on 450k valuation. on the road, cheers for the good information lads!
How about cost associated with the council. I have a piece of land in Huntly, have been thinking of buying a relocatable too but costs quickly escalate once you include consent costs.😢
I am doing the same. I have land in Southland and building 2 bedroom unit. Build will cost me 200k including council and everything. Rentals appraisal is $430 per week. I guess good yield
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Join the Wealth Plan Tour in a city near you. Learn how to retire early with just 2-5 properties. Find out more here: www.opespartners.co.nz/wealth-plan-tour
Love you both together.
Scenario: With 5.1% Gross yield. Net Yield after major exp interest only 7% = (1.9%). 6month cash deposit 6% - RWT 33% = 4.02% Net
NO wonder all the investors ve disappeared.
I own some land freehold, I have been looking at some relocatable 2-bed homes for around 140k delivery inc, + 30-40k reno's
If I got it on the land, Parkvale Tauranga, it would have a minimum valuation of 400-450k, with similar homes renting for $550-600 pw
250k in equity, with about a 5.7% gross yield on 450k valuation. on the road, cheers for the good information lads!
How about cost associated with the council. I have a piece of land in Huntly, have been thinking of buying a relocatable too but costs quickly escalate once you include consent costs.😢
I am doing the same. I have land in Southland and building 2 bedroom unit. Build will cost me 200k including council and everything.
Rentals appraisal is $430 per week. I guess good yield