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Pretty much what CJay said. Same can be said for a whole heap of suburbs across Australia. Actually same for most where I have properties. I put a deposit of ~$32k for that property don't think the tenants could save that, even on a higher LVR just doesn't happen.

Not all regionals are the same. Wagga has very diversed industrys with a growing population. Here's a thread I started with my views on the area. http://somersoft.com/forums/showthread.php?t=82148&page=2 Good cash flow so far, coming up 12 months from when I purchased haven't looked at...

I'm confused how you consider is neutral? If it's fully tented unless there is maintenance issue should be well CF+ Issue is the vacancies.

Mount Austin & Kooringal are better suburbs from what I've been told. I was originally looking at properties in Ashmont and advised by a few PM's that they wouldn't take any more properties on in the area (some streets are worse then others). So I ended up purchasing in Mount Austin, had the...