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  1. #11
    Legend minimoke's Avatar
    Join Date
    Mar 2005
    Location
    Christchurch, New Zealand.
    Posts
    6,502

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    Quote Originally Posted by The Great Gold Guru View Post
    As a tenant I live in a house in Devonport worth $1.4m .... rent I pay is $750pw ....
    You are the one winning there. That’s a gross yield of only 2.7%. Who’d want to be a landlord!

  2. #12
    Member
    Join Date
    Aug 2007
    Posts
    170

    Wink

    I agree , my wife doesn't quite see it that way but at the moment I am winning the battle .... I guess when there are some capital gains to add into the equation she will be on stronger footing. In the meantime though we are onto a winner and I agree it is much much cheaper to rent a house in this part of the world than buy one ... no contest !!

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