Question
You are an Australian resident who has recently graduated with honours from university, obtained a nice job, and now wish to purchase your first home.
You are an Australian resident who has recently graduated with honours from university, obtained a nice job, and now wish to purchase your first home. Your gross annual wage is $75,000 (after superannuation), and you have saved $80,000 for a deposit by working part-time while at university and living at home. You have decided to buy a unit right in the Brisbane city for yourself as an investment for $570,000.
You bought a unit (2bed rooms, 2 shower rooms, 1 secure car park) as an investment property in Brisbane city for around $570,000 in 2022.
provide a simple discounted cashflow analysing your investment over the 30 years holding period;
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