Investment properties are generally a great investment to have, but there are a few things to be mindful of when calculating the true cost of holding your investment. Some of the things to look out for are:
Levies, and in particular, whether there are any special levies planned related to planned works
The state of the building, to gauge whether remedial works will soon be needed
The cost of property management, if you are choosing to have your property looked after by a property manager
Repairs and maintenance to the property
Periods of rental vacancy
Cost of stamp duty, buyer's agent fees and other purchasing costs
Advertising your property and professional photography
Water and council rates
Mortgage interest
Landlord insurance, building insurance
