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Static I think you're trying to justify your decision. Just because people want to live somewhere it doesn't mean that it is the place to buy. Look at Gold coast for example.

Then what makes you think that you'll be shielded from it? :confused: The price relationship between existing and newly built a few streets down the road or a few km away will always exist it doesn't matter which suburb you're looking at.

Ok so you did know that the rent is inflated and you could afford to hold it at $750/w. I don't know if you are wrong or not. None knows what the future holds but it is certain that property prices and rents are quite high so they could stall and even fall. Investing in an already expensive...

Hi Rooster Sure 25Km isn't too far. You could be right there and it could be a fine invesment decision. I just felt like playing devil's advocate for a bit because we often invest with our hearts and not doing the sums. That's all.

Only 6.9% yields?. Ok after depreciation you'll be neutral but why are you buying it? Hopeing for capital gains or do you have other plans for it? I can imagine a situation where 2 years later interest rates are +9% and are about to move upwards, prices have not gone up and you want to...