Hi DanziMI have kept an eye on the Cairns market for cash flow positive property and look at the sub $100k end. There were not that many and were in 3 areas; Manoora, Manunda and Edmonton. The yields were toward the 7-8% level. Factors to look at – lot of them are >25yrs old so had limited capital depreciation to c…[Read more]

hi citybuyerlike you I am a newbie and had started looking to purchase an IP in different parts of Australia a couple of months ago.  So went and read as much as I could, purchased investor magazines and visited forums like this one. The basic outcome was that a pasitive cash flow property is far superior to negative gearing  – unless you are on…[Read more]