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What's an excellent return?

What were the typical yields during 2003-2004? There doesn't seem to be much rental pressure and at current prices you don't see much over 5.5%-5.8% around gosford. As you drive to the ocean it gets worse. Any spike in prices is going to see the gross yield go pretty low.

Sydney I believe so, I'm not convinced many parts of the central coast have taken off. Particularly gosford. Quite a number of mortgagee sales and a couple of units in west gosford were passed in.