I congratulate you on your acquisition and wish you well. Can you confirm the price you paid? According to the occasionally inaccurate ksou/RP ddata, it sold for $490,000. http://house.ksou.cn/p.php?q=105A+K...ia&sta=&lat=-38.159883&lng=145.11610300000007
What you say is partly true. Compared to a year ago, there are fewer outrageously cheap give-away situations for sale. As for the beachside of Seaford - it's out of my range. I only buy on the cheap-end of the market. Just the same, I strongly believe that anyone buying into the lowest price quartile of Frankston property should see decent capital gain in the long run, not to mention yields approaching 5%.
Grandad if you know of any such properties that will give me a 5% return on rental + cheap to purchase , please let me know I cant seem to find one within that criteria, its either high return or high capital gains growth one or the other not both at the same time.