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spot on ... and it only takes two people to desire the property to start a bidding war. as you pointed out - hobojo - clusters of anecdotes do not the full picture make, but if you only specifically interested in the bottom left hand corner then you do not allow yourself to get overwhelmed by...

... as are you. however, to bring back to a point that is asked time and time again ... why should a fhb think they should be entitled to buy a house in a desirable suburb as their first purchase? whatever - there is no right or wrong answer. yes, property can be bought for cheaper...

the 8% return is on the actual mortgage (purchase price less 10%) and ongoing costs such as rates, strata etc ... but i don't think it deceptive at all as a fhb would need to pay a 10% (minimum) deposit and costs - so after purchase, with minimum required financial input, they would be better of...

10% deposit plus costs ... adamstown ... rent return 8% ... int only with a 6 in front. as for full figures, have been stung in a personal manner by putting precise info up on ss before so prefer not to.

1. not necessarily - i bought within the last six months two ip's, in inner mid ring of major city where the rent covers at but $20/wk of my costs. but at the same time i have also had a 10% rise in value that belongs to me, me, me (evil chuckle). rent rise next year will be close to throwing...