This is a real life example that happened over the weekend, 8th July 2007. This is not my purchase, but I have been given permission to post the transaction for people to have a look. Just a breif overview:
The property was listing “From $285,000″
It is a 2×1 villa in a small group of 10
Owners are [...]
This is a real life example of a property I purchased in Elwood, Victoria
Settlement was on 25th January 2007 (One day before my sister’s wedding)
The Views
The Balcony
The Kitchen
The Living Room
Purchase Price: $370,500
Stamp Duty: $17,890
Finder’s Fee: $5,995
Loan Amount: $358,572.35
Other Fees: $4,000 (approximately)
Cash Required: $39,812.65 (From Line of Equity)
Interest Expense: $30,476.45 ($39,812.65 + $358,572.35) @ 7.65%
Rental Income: [...]
