A stat from my EoFY statements

You should spread the fee across all loans if they are also included in the package.

 

I'm at 20% but that excludes land tax, insurance and council rates.
Which all up probably add about 5%
All properties are green title non-strata. And have had 100% occupancy for the 12 months.

40 weeks is actually a fair estimate.

Blacky

 

I'm 21% in nsw IP (half year ownership) & 29% in vic IP. I think it depends on tenant as well, tenant in vic complains for some crappy things and PM obliges... so far no issues from nsw tenant. Not to mention strata fees & body corp are added cost as well...

 

After reviewing all my notes for these properties at home I can see that my expenses are actually more that what I first thought. It's amazing what you forget over 12 months. The percentge of income that I spent on expenses (ignoring repayments) is actually as follows:

Villa: 27% (this includes strata)
House: 31% (I forgot I pay the insurance for this property myself)

So even using 40 weeks rent for these two properties would be a generous estimation.

 

True. Maybe 40 weeks excluding vacancies.

 

With falling and stagnant rents in many capital cities I expect all percentages to increase over the next few years. Fortunately my biggest expense - interest, is falling.

 

Just completed my EOFY and came in at 37% for all expenses and upgrades. This is up on last year while rents have done nothing

 

That's just a function of the investment amount, because costs are often fixed to an extent.