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This town seems to attract my interest for some reason from time to time. Properties are returning over 11% P.A. Having such a high return makes me nervous to invest, but at the same time it intrigues me. Anyone who knows anything about this town please share. Oneday I'll have to visit.

Does that mean that there is less likely hood of default as it is backed by a government agency? Is it backed by government? I don't mind renting properties to public housing people, as long as I have some certainity of being paid.

Found properties in Coonamble that seem to get nearly 10% yield. Does anyone have knowledge of this town? Sort of considering getting a place for $70,000-$80,000 here. Probably won't as I want to get a PPOR in Melbourne in a few years. Already have an IP in Melbourne, which we are happy with.