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Agree entirely, each to their own but for me it's CG.

We've done similar in Adelaide. None of the properties we bought were 'bargains' - as for me, I'm not brave enough to buy in regionals.

OK then that's different, I thought your comment on dud suburbs were referring to lower socio economic areas in general. Having said that, people have said that pretty much permenantly about Elizabeth et all and we've still done nicely in recent years. But definitely not 600% in a few weeks...

Money's money Evan. I assume you would'nt have touched any of the $25k semi's in Adelaide's outer north in the early 90's which now sell for $180-190k? Pffft what's 600%+ return when you might get a tenant doing a runner every now and again, not worth it right!!

Alright Nathan, fess up! You're the one that went in the night before the auction and sprayed graffiti around to put off other buyers didn't you!? :p

Coming from different perspectives Evan. You have to start somewhere, so why not start now when you've found a good niche? Who's to say waiting a couple years to buy what people consider 'better' properties in better suburbs will be a better move? If Nathan was as wealthy as you are now, he...