Commercial properties can be a great investment, as it gives a higher rental income compared to a similarly-priced residential property (house or apartment which people live in). A typical rental yield on a commercial property is 5% to 10% of the property value/purchase price. In other words, the rental income is around 5% to 10% …
Tag Archives: Property Investor
How many properties do you need to retire on rental income
We build a property investment portfolio to build wealth, and ultimately gain financial freedom and get out of our 9-5 job. How many properties do we need to retire modestly or comfortably? The answer depends on what type of properties we buy, what sort of rents they get, ongoing expenses such as agent management fees, …
Continue reading “How many properties do you need to retire on rental income”
Saving for a deposit VS using equity to buy your next property
Typically, when you buy a property, you would want to contribute 20% deposit, and pay for the 4%-ish stamp duty, with your own savings. On a $500k property, this can equate to around $120k. Let’s say you and your partner save $20k a year… it can take you 6 years to get there. By that …
Continue reading “Saving for a deposit VS using equity to buy your next property”