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Didnt mean to divert the thread, but compare results of http://www.realestate.com.au/buy/with-3-bedrooms-in-6174/list-1?newOrEstablished=established&maxBeds=3&includeSurrounding=false&misc=ex-under-contract&source=location-search with...

good luck getting finance on a bedsit :p alex: have you thought of, a) home and land package - these are generally cheaper than established and rent fairly well, or b) buying interstate. Adelaide & Brisbane both have better yields than Perth. C) Partnering with another to improve borrowing...