I think I've found the solution here.
Just worked out the mortgage repayments on the Westpac calculator:Amount / interest - $10,000,000 @ 9.60%p.a.Payment amount / frequency - $84,816 monthlyTerm of loan - 30 yearsThat seems affordable...
Plus rates.
Damn rates...
Worth it for the geraniums alone, surely.
Yeah, but would you keep it as a B&B?
Bugger that - buy Pakatoa Island, it's a snip at $40 mill (although I hear they could accept offers as low as $35).
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Just worked out the mortgage repayments on the Westpac calculator:
Amount / interest - $10,000,000 @ 9.60%p.a.
Payment amount / frequency - $84,816 monthly
Term of loan - 30 years
That seems affordable...
Plus rates.
Damn rates...
Worth it for the geraniums alone, surely.
Yeah, but would you keep it as a B&B?
Bugger that - buy Pakatoa Island, it's a snip at $40 mill (although I hear they could accept offers as low as $35).
Post a Comment