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  1. Peter_Tersteeg

    Nathan Birch - 11.5% yield unit in FN QLD for $90,500 positive cashflow in cairns

    This is a very fair point, this sort of thing is difficult to verify. However imagine how you'd feel if a BA published the address and purchase details of a property they negotiated for you on a public form; it would be a serious breach of privacy. I've dealt with several BAs on the forum with...
  2. Peter_Tersteeg

    Nathan Birch - 11.5% yield unit in FN QLD for $90,500 positive cashflow in cairns

    Just before everyone gets excited, is it really a good move to base an investment decision on a possible change in insurance policy? Even if you cut those body corporate rates in half, this still wouldn't have been a good cash flow deal. A couple of rate increases (which will happen sooner...
  3. Peter_Tersteeg

    Nathan Birch - 11.5% yield unit in FN QLD for $90,500 positive cashflow in cairns

    You take that out, then consider property management, council & water rates, maintenance, etc. It's not positive cash flow. I don't know the Cairns market myself, but $10k of CG in 4 years is less than inflation. I bet it cost more than $10k to sell the property. This deal lost money...
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