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You only need one purchaser to think so ;)

Hi Ed and Jebb! Thanks for your interest and kind comments! 1. Vacancy rates - around 6 weeks' vacancy per unit per year. I factor this in to our 'expected costs' by assuming we will have 8 weeks' vacancy per unit per year, so will need to cover that lack of income ourselves. 2. We primarily...

One property yields 11.22%, the other 11.52%. This is based on the total setup costs (so purchase price together with furniture, crockery etc, plus any renovation costs prior to renting out property - in one property for example we redid the bathroom/laundry). Yield formula is therefore...

Furnishing costs aren't too bad; we can furnish a 2x1 for around $2K - Gumtree is our friend! Vacancies are pretty minimal as well, which I put down to there being a real lack of similar accommodation in Perth. I do agree re: the effort side of things though. It's time consuming, particularly...

We're getting rid of our one-bedroom units, and are picking up a couple of two-bedroom units instead. Our mortgage broker told us that we could JUST scrape by equity-wise if we held onto the one-beds, but we'd been planning to move on from them for a while, so now seemed as good a time as any...

There's definitely still movement in the Perth market, at least at the lower end from investors. We have just sold two units (one about three weeks ago, just signed the contract for the second one today) for excellent prices, both to investors. We showed the two units to three people total...