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Don't blame Landcorp - they would never make such a major public policy decision on their lonesome. This one has a politician's fingerprints all over it. Just so when they get asked the question "what are you doing to help FHBs and OOs?", they can answer: "Forbidding anyone else from buying...

Sounds like a terrible choice! :rolleyes: :p Seriously though even if rents are getting toppy they have to get that way to overcome all the impediments to new supply. The new supply will only come on to the extent rents and prices remain at these levels. If there is a fall back in prices...

Hi Ausprop Sent you a PM...

Thanks Dazz! Regarding the nett yield - I wish I knew! :p Obviously this is a calculation incorporating the knowns (rates, insurance, prop mgt etc) plus the unknowns (tenants, maintenance etc.). Normally for our RIPs I would just take 25% of the rent off the top and call that nett as a rule...

Well, we just settled on a three year old 4x2 in Karratha. 11% gross yield plus depreciation should give us a bit of breathing space... I see that as a fair return for the risk. Went down to the wire though with the finance - one bank approved the finance but then couldn't get their act...