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By then, I would've bought up all the cheapies!!! ;) Negotiating on 4 cheapies at the moment with 8-10% returns.

Nah...no probs EB - thanks for the advice. Manoora, Mooroobool & Manunda are still great places to invest if the price & return is right - Did you buy in the past couple of years or a while ago?

IV, what I mean by "standard" is that for this type of unit & value, the local council charges a flat standard or starting annual rates as I pay slightly higher rates per year on my other properties in Cairns. I know of other 1 bedders whereby the rates are only $1,500pa.. Personally it's a rip...

Bought it with tenant in place, but tenant is moving out which I'm happy with as gives me opportunity to spend some $$$ & increase the rent. I just rented my Whitfield unit in under a week, so as a landlord if you're prepared to meet the market or go slightly under market which I did by $5pw...

I wasn't actually in the market to buy, but the agent emailed me saying the unit "had to be sold", so I made a ridiculous walk-away offer of $105k, came up $2k to $107,000 & the owner took it!

BC: $1600pa. Rates: $2,100. The rates are standard right across Cairns.

The unit I bought just settled yesterday & here's the address as agreed: Unit 1, 8 Kidston Street, Bungalow, Cairns. 2 bedroom ground floor unit, security gate. Photos are attached for those interested. Will return $185pw with a lick of paint, etc. VERY HAPPY!!

I wouldn't touch this street or area with a barge pole - I doubt one owner occupier lives in this entire street! I'd rather pay $20,000 more & get a better unit in a more desirable area. My walk-away price for this unit would be $90k; compared to what I just paid.

Well, I don't have $107,000 in cash or LOC that I can withdraw, so just waiting for conditions to be approved on contract with settlement due in a few week's time.

What's this the guessing game? Not fond of the W suburbs unless it's Whitfield

As previously stated, full details will be revealed in a few week's time as the property is still under contract - a bit like Nathan :) Deals like this are scarce as Nathan knows, but are out there - have to keep your ear to the ground

Original price was $160,000, then dropped in price over several months

I stand corrected, but I wouldn't have bought in Woree 'cause I know the area & it's one of the worst areas around IMO (rough area) & I've lived in Cairns for 30 years. My unit's about 2-3kms to the city, but horses for courses. Not many 2 brm units around for $100k, so best of luck! Will...

Just bought cheapest 2 brm unit in Cairns, QLD @ $107,000 this year :) 3 kms from city. Will return $180pw; maybe $190pw after $2k makeover.