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Just glad to have straightened you out on investing in Port Hedland, Ian.

Thanks for the direct advice, Ian (assuming your tirade was for my benefit too), and it's something I will seriously pursue when the PM agreements come up for their first renewal (because the saving on PM fees would be decidely material, to me at least). I do self-PM in Sydney and it's...

Yes, a serious saving, but who'll look keep a close eye on these high maintenance properties? Ian I think has the right hands in town, but outsiders (like me) rely on the PMs to contact and coordinate. I'd much prefer not to pay the PM fees mind.

Well JIT, assuming 10% rental growth (which is my target, but which may of course may not eventuate) the yeilds would look as follows - Property 1: Bought Mar 11 for $930K, real net yeild of 2.1%, with depreciation added, 4.1%. Property 2: Bought July 11 for 610K, real net yeild of...

Speaking for myself having bought two in South Hedland this year, there are a few minor 'catches'. The first is very high repair & maintenance costs, and the second is that these costs are not really deductible in the first year (as you know, the ATO will treat repairs and most maintenance in...