Considering investing in property? It is important to consider not only the rental income but the expenses of the property.
Investment property costs to consider:
– landlord insurance & building insurance
– council rates and utilities
– Body corporate fees
– repairs and maintenance
– property management fees
– Loan fee’s (annual fee’s, application fee’s, account fee’s)
– Mortgage repayments
– Stamp Duty (differs from state to state, is higher for investment v owner occupied)
Related Tags: Mortgage Broker Ballina | Investment Loan Ballina
