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Wow 34% return I'd hate to imagine what the people selling the Property were saying! "Double your money in 3 years! Why not buy ten from us!" Still at 5.5% odd yield its hardly a disaster Lucky for them

No offense but anyone who thinks they can buy a property for 600k (I'm guessing ) and rent it out for 2000 per week (17% yield) for ever, especially In a mining town, let alone as a part of their retirement strategy is just plain dumb

young joe blogs "a buzzing developer" has done his first 4 unit site in XXXX" and will get an equity gain/increase of $200k!!!!!!!!!! but they left out the fact that thats on the assumption he keeps them all, and if he sells his profit drops down to $40k due to gST, while his returns at...