Holding costs - rough rule of thumb?

Is there any sort of rule of thumb to give a rough idea of holding costs? I'm thinking like a percentage of rent or house value, or something like that.

We're still 12+ months from having a deposit together and just hoping to get a vague idea of the potential impact on day to day cash flow. Happy to ignore tax deductions for now and treat that as an end of year bonus.

Any thoughts would be appreciated. Thanks.

Jonathan

 

Maybe think about a few major categories:
interest, Council rates, body corporate fees if applicable, property management fees, land tax if applicable
then allow say $700 pa for repairs and maintenance for a newer property and $1500 for an older property (more if a house has a pool, or if you need to include garden and lawn maintenance)
The other big tax related items are Capital works deductions and Capital allowances/depreciation on plant

 

About 25% for houses, townhouses and units.

About 30% for blocks of units.

 

Thank you both. That's a great help