Hi Glenda,
Great attitude i know, and I bet he wasn’t offering the services of his agency to manage the property for you?? I was once a property manager and believe me, no reputable agency would even consider taking on management of a property with the risk of renting to “animals”. One bad tenant creates more work than 50 good managements! I realise you wouldnt rent to undesirable tenants, but I would have taken the agent’s comment as a personal insult!
Enjoy the hunt for your next investment. []

Hi dafeldz,
When choosing an area to invest in, dont forget the ‘rural cities’. I am currently living in Albury (and lived in Wagga for a couple of years). Cities like these dont have the same capital gains that you would achieve in Sydney or Melbourne, but offer great rental returns. A centrally located unit purchased for $75k can return around $130 a week. Newly built homes (for $180k) can return around $250-300 per week. As usual though, if you’re not familiar with the area, try and do some research before you buy. Unfortunately rural cities seem to have bad pockets of housing commission homes scattered around (ie. theyre not contained to one area). Dont trust the agents (!!) – ask around local people, they’ll soon tell you where to avoid. Good luck!