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But then again not many places allow you to offset other income against rental expenses

No they were buying cf neutral because there was a "housing shortage" and houseing always goes up

Tell that to the Americans who have lost 50%+ in Vegas with no end in site for cg and ask them if it's the stupedist thing they've ever heard

10% yield is no good if you lose 30% in capital and then have no growth

I'm in the US atm and this joint is farked, at least in ca, nv and az. When you see what you can buy for 600k it's amazing. Many empty shops and down and outs. If that's what 40% drop in property can do I sure as hell don't want it in aus - surely both bulls and bears would share those...