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I think that it is hard to find good value on the Central coast although prices are definitely depressed. 9% gross rental yield combined with good prospects of capital growth are non-existent on the central coast.

Based on the fairly standard 80% lend, you really need a property that yields 9% gross yield to have a cash flow positive property or neutral property. These properties are almost impossible to find. Mostly, it will involve having a granny flat to rent out to a second tenant.