Dual Occupancy Positive Gearing
Land purchase price
$228,500
Projected build cost (inclusive of all siteworks, etc)
$260k
Total Purchase
$488,500
Land Size
477sqm
Location Features
17km from Perth CBD, 2.5km from popular restaurants and cafe strips in Guildford, 5-15mins drive from more than 10 schools around the area, 10mins from Perth Airport, 130m walk to the nearest bus stop, 40min public transport journey to Perth CBD, 7 minute drive to a major shopping centre.
Strategies
– Positive gearing thorugh Dual Occupancy, 3×2 and 2×1
– Total projected rent for both main house and the studio: $660-$700/week
POSITIVE GEARING (after super defensive calculation with 2 x letting fee, 6% vacancy rate):
– at $660/week = $3522/annum*
– at $700/week = $5190/annum*
Gross yield: 7-7.5%/annum