Summary

If you're considering purchasing an investment property, it's vital that you're aware of all the costs involved before making any decisions. We have totalled the incidental costs like stamp duty, legal costs, transfer fees etc in addition to the cost of the property by ownership percentage to give you an idea of what the true cost base of your property might be.

Borrowings

Buyer 1 (100%)
Total
Cost of Property
$400,000.00
$400,000.00
Cost of Legals
$38,504.20
$38,504.20
Less Deposit
$0.00
$0.00
Total Borrowings
$438,504.20
$438,504.20

Year By Year

It's great to have a long term vision for your future, but the reality is we still need to live day to day while we are building this future vision. This is where you can get a feel for what the day to day numbers will look like, both immediately and over the new few years, so you can see what works for you. Simply move the slider below to see the numbers for each year over the next ten years.

Year 1

Rental Income

Buyer 1 (100%)
Total
Gross Rental
$400.00
$400.00
Less Managing Agents Fees
$33.00
$33.00
Net Rental Income
$367.00
$367.00
Less Cash Costs
Mortgage Payments
$421.64
$421.64
Rates, Body Corporate etc.
$0.00
$0.00
Total Outflows
$421.64
$421.64
Net Rental
-$54.64
-$54.64

Tax Savings

Buyer 1 (100%)
Total
Existing Taxable Income
$1,586.54
$1,586.54
Existing Tax per Week
$364.03
$364.03
Net Rental Income
$367.00
$367.00
Total Assessable Income
$1,953.54
$1,953.54
Less Deductables
Mortgage Interest
$421.64
$421.64
Rates, Body Corporate etc.
$0.00
$0.00
Depreciation
$192.31
$192.31
Borrowing Costs
$4.04
$4.04
Lenders Mortgage Insurance (LMI)
$56.11
$56.11
Total Deductables
$674.09
$674.09
New Totals
New Taxable Income
$1,279.45
$1,279.45
New Tax per Week
$258.08
$258.08
TAX SAVINGS
$105.95
$105.95

Summary

Buyer 1 (100%)
Total
Net Rental
-$54.64
-$54.64
Tax Savings
$105.95
$105.95
Rental After Tax Savings
$51.31
$51.31

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