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I'm trying to find some stock to buy with new equity I have in my IP. Essentially doing with Keith did, but a bit late :) The bank shares seem to have growth in them, and growing yield in them which will pay the interest.

I'm looking for some shares which pay good dividends. any suggestions on some to look at? It seems the bank shares are paying well, they pay 100% franked, 4.5% yield, and the yield forecasts seem to be jumping up each year. Is there a catch?