We have a unit and a townhouse. for each its about,
$50pw for rates/ water
$25pw insurance ( internal only body corp covers external )
$50pw for one bodycorp $75pw for the other.
And we spend ( on average) over the two properties about $5000 on maintenance and repairs.
Even though its a lot of "hidden" extras we are overall better off than renting in long term. ( plus as ones an investment those fees are tax deductible)
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24-08-2013 06:51 #21
24-08-2013 06:58 #22
$1000/year water (approx)
$1500/ year (I think) insurance.
We are lucky that the business pays the electricity and the gas and our place has only just been built so, so far no maintenance.
It's not cheap! The mortgage is a killer!
24-08-2013 07:05 #23Originally Posted by spideysmummy;
26-08-2013 05:05 #24Senior Member
- Join Date
- Nov 2011
We are about to build and I did a quote for insurance and for building and contents it was $353 a month!!!! Does anyone have recommendations for building and contents insurance
31-08-2013 12:19 #25
Our electricity just on our house (not investment properties) alone is around $4000 a year. I honestly don't know what everything costs because dh takes care of all the bills. I just bring in the $$ (dh is a sahd). We own 5 properties though and it costs is around $17k a month for everything property-related including mortgages. Insane!!
Last edited by witherwings; 31-08-2013 at 12:23.
31-08-2013 16:08 #26
31-08-2013 16:23 #27
Mortgage $3000 month
Home and contents $90 month (Coles)
Phone and Internet $110 month
Rates $120 month
Water $100 month
Electricity average $150 month
Gas $50 month
31-08-2013 16:34 #28
Mortgage here is $150 a week
Rates are around $380 a quarter
Insurance (replacement for house only, we don't have contents yet as we need a separate policy, we are renting to own and don't hold the deed) is just over $500 a year
Bear in mind we live in regional NSW in an extreme fixer upper (it was sold for $52,000, with fees etc we're paying $55,000).
Our maintenance fees are high, plus we are very slowly renovating as we get the money
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31-08-2013 19:47 #29
$30k per annumish for a small entry level 3-bed house on 400m2 lot in a bad suburb. Living the dream
03-09-2013 06:29 #30
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