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Well I just back from a MIP auction of 3 units in one line. They sold for $23K, $23.5K & $33K respectively above the reserve price. It was well attended and a number of investors there were complaining that the prices paid were too high. The possible gross yields were below 5%. They all...

As Judge Judy would say - "That's hear-say and we can't admit that evidence" :p The $1M+ places everywhere are taking a hit but it is a stretch to believe that this particular property has taken a 50% hit. I'm not having a go at you INVSTOR, I like reading your contributions....but I also...

Yep, but I think you'll find that with most beachside locations :p 12 postcodes in Port: http://www1.auspost.com.au/postcodes/index.asp?Locality=&sub=1&State=NSW&Postcode=2444&submit1=Search

This is pretty true of most of NSW regional. The beach areas are good IMO and there are lots to choose from Dunno Higher than average. Lots of ppl on the dole and lots of retirees on the pension. The NSW government has sacked Port Macquarie-Hastings Council, after the cost of a $6 million...