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That's very strong logic and hard to fault. You've got me on the calculator doing some numbers. The difficulty is finding a big ressy place to park your funds in that will produce a decent yield. You've obviously found something appropriate. You have me thinking now !!

Cheers Ausprop.

Congratulations Hi Equity. Getting money out of credit nowadays is a job well done. Naturally I have to ask....the 11% p.a. gross yield translates to a nett yield of what % p.a. once outgoings are taken out ?? All the best.

Classic - nothing like having the Vendor's paid agent write the offer document and T&C's back to the Vendor for him to peruse. Sometimes I wonder if they could arrange it all, they wouldn't have to even speak to the Buyer. You know better than that cE.....grab that pen out of the agents...

How'd it go ??