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I don't think your hold timeframe is long enough CG is not guaranteed anywhere but eventually there will be some.. It has to be a long term game IMO

I have asked myself this question generally about Adelaide but when you can buy reasonable quality places for 7.5-8% yield and borrow money at 4.7% with relatively inexpensive rates and insurance costs it looks very low risk to me. Some are +ve geared at purchase or at least +ve casflow Vacancy...