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Hi Westminster will know more in a couple of days, I can say it is a mortgagee sale and not in Perth, RE agent working directly with the bank. Cheers, MTR

Hi Westminster Looks nice, unfortunately under 50 sqm and they dont mention strata fees, I have found this usually is an indication that the fees are high. Cheers MTR

Thats why I like units for renos, after just completing a house it was hard work. Cheers MTR

Hi Fastmoney I thought Subi would be too expensive, will check it out. Cheers MTR

Sounds like you have tapped into the right market, would like your figures if you dont mind sharing. $950 per week, how much did you pay for the property??

HI Manddimoo When you say "short term", what is the average 3, 6 months??? MTR

This is a 1 bedder which sells for around $220K, reasonable complex. Nice reno, if it rents at this price will be reasonable. http://www.realestate.com.au/property-apartment-wa-victoria+park-405293014 This one has been on the market for 3 months and has been slowly dropping, original...

Hi Beijos that budget is fine. Its the strata fees on these types of properties which have pool, gym etc which puts me off. You get in one hand, and they take from the other. Vic Park is looking very interesting, but one really needs to look hard to find something suitable, that ticks all...

Hi Delta I agree need higher yields and that is what I am trying to achieve with this strategy, but have just started researching. Units are very easy to renovate and I am not expecting to make a killing on this in the short term, however it could improve the yields substantially. The idea...

Hi Aaron not knocking the smaller units (40-50 sqm) the problem as I see it is - finance. I have been chasing a couple of these where agents have had multiple offers, however buyers could not get finance. When and if I decide to sell is when it will be an issue - finance. Cheers MTR

THanks for your feedback, and great that I was the first post that inspired you jump in. I will certainly look at Victoria Park it was not on my radar but certainly close to the city. Cheers MTR

Westminster thanks for the link/feedback. I can use cash to purchase smaller units, the problem is getting the money out, and resale. As you mentioned, investors will have issues getting finance so just "cutting your nose despite your face". The rent was pretty amazing though. I plan to...

Hi All There are plenty of units in great inner city locations, however the rental returns are pretty average around 5%. The 1 bedders can achieve higher returns, in particular East Perth, problem is they are tiny (under 45 sqm). With so many FIFO workers perhaps there is now a very good...