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A house sells for $974928 while the gross rent is $98980 per year, expenses for the house including rates are $14816 and the investors personal

A house sells for $974928 while the gross rent is $98980 per year, expenses for the house including rates are $14816 and the investors personal costs such as the mortgage repayments are $6524 per year. What is the capitalisation rate?

Show your answer to two decimal places as a percentage e.g., 5.01% if that happened to be the correct answer.

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