Not exact matches
People have been reminded that property prices and
rents go
down as well as up, and this is being reflected in their behaviour —
gearing up for property acquisition, for example, has lost its earlier appeal.
The
rent is now $ 350 / wk giving us a current yield of 8 %, and with our interest rate at 6.3 % and possibly heading
down further, this property is positively
geared and pays for itself plus provides us with some additional income.
There aren't any concessions in this neighborhood, so if you don't have your own snorkel equipment, you will want to
rent snorkel
gear in Captain Cook before heading
down.