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Dream Properties - Items filtered by date: April 2013

In Summary

  • Developers of mortgage financed houses who rent out complete units are incurring losses when they factor in mortgage repayments.
  • The Mortgage Company said rental yields had remained flat at 6.22 per cent, making mortgage financed properties record a sixth consecutive quarter as a loss making asset.

High mortgage costs have raised re-payment rates on house loans to double the rental earnings on property, a survey by real estate firm The Mortgage Company (TMC), has showed.

tmc mortgage report

 

Developers of mortgage financed houses who rent out complete units are therefore incurring losses when they factor in mortgage repayments, the TMC report released Wednesday concluded.

“Rents and mortgage payments on

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