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

    The insurance premiums are currently so high that there has been a market failure relating the unit BC fees. BC fees have increased by 300% on some units. House prices have recovered post GFC and are now growing, vacancy rates are low. Sometimes opportunities can present in any market due to...
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    Nathan Birch - 11.5% yield unit in FN QLD for $90,500 positive cashflow in cairns

    If I was a betting man which I am not there could be some opportunities in the unit market if the insurance reforms come off. There could potentially be an opportunity to pick up some cheap units if there is a repricing of insurance risk before the market responds to high yields with an increase...
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    Nathan Birch - 11.5% yield unit in FN QLD for $90,500 positive cashflow in cairns

    For these kind of deals to stack up you need to purchase the whole block and obtain insurance quotes from a good broker in advance. In fairness to Nathan cyclone Yasi struck in 2011 from memory and insurance premiums only really spiked for units to ridiculous levels in the following few years...
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