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:

1. Levies, and in particular, whether there are any special levies planned related to planned works

2. The state of the building, to gauge whether remedial works will soon be needed

3. The cost of property management, if you are choosing to have your property looked after by a property manager

4. Repairs and maintenance to the property

5. Periods of rental vacancy

6. Cost of stamp duty, buyer's agent fees and other purchasing costs

7. Advertising your property and professional photography

8. Water and council rates

9. Mortgage interest

10. Landlord insurance, building insurance