Contract on New IP

Greetings All, just placed a contract on a 4/2/2 property in Caloundra, Sunshine Coast (see attached link) :). Have a quick look and tell me what you think.

There's still a reasonable amount of property to be found there for < $500k and the yields are > 5% which would suit investors of different goals (yield / CG / renno / short term / long term B&H). Worth a look for those interested in SE QLD.

http://www.realestate.com.au/cgi-bin/rsearch?a=d&t=res&ty=&f=10&p=10&rs=0&fmt=&header=&c=22035419&s=qld&snf=rbs&tm=1204599771
 
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