What is the expected gross market rent p.a. of the property
Problem
The gross market rent of a property is $48,000 p.a., and the outgoings is 20%. If the rental is expected to grow at an annual rate of 2.5%, what is the expected gross market rent p.a. of this property after 7 years?
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If the rental is expected to grow at an annual rate of 2.5%, what is the expected gross market rent p.a. of this property after 7 years?
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