this is property · 839 property investor lending roundtable with two of Australia's top investor mortgage brokers
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add granny flats to existing properties to boost rental yield, costing $300-$400k per unit
$300,000-$400,000
“The first one is if you get a higher starting rental yield. So those numbers that I just produced were based on a 3% starting yield. But if your starting yield is 7.6%, the amount you've got to put into that property is greatly reduced.”
“We started running the ads… first week they pulled 1,300 inbound phone calls… later we found out it was 2,300… boosted sales, 300 additional homes.”
“What does it cost? It starts at about $300... you could pay back the unit in six months and then just get paid to commute.”
“Central Market… they put us in healthy living… we’re doing 10 units per store per week.”
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