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I was initially attracted to the yield around that area too. The house I purchased for $155k needed a renovation, around $35k but afterwards was rented for $290 per week, so almost 8% yield. In saying that, with maintenance costs and high management fee (8.8%), I actually see very little of...

I bought two properties in Nambucca Heads last year which isn't too far from Taree. My first purchase was $155k, although the yield is decent looking back wished I had bought closer to a capital city. For that same kind of money, I would have done better with a villa or townhouse in Logan...