Yeah the property market is pretty expensive in general, what you want to do is (I think I've said somewhere else so I might make a post about it later :P), if you want a property for ROI (Return on Investment), you want to develop an ROI Ratio, this is a ratio that is: Ratio = Rent / (Mortgage payments + Rates + Building + body corp Fees [apartments] + depreciation + interest), where the '/' is divide, upon comparing 2 properties to purchase, the one with the higher ROI Ratio should be the one to purchase. There are also other things to consider but I'll probably write a post about Smart Algorithmic property Investing in the future
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@locikll, Thanks for this feedback. I have followed you. Looking forward to the proposed article.
Thank you very much! I will probably make a start on it soon
You are welcome.
Just finished writing it :)
I'll be checking that post out as well.
Followed :)
I'll go through it later. Thanks for this reminder.