What would you consider to be a quality yield asset Richard? I've just purchased property 2, one bed plus study furnished unit in Brusbane city set to return $64 per week after tax (5% net yield).

The other is a capital gain attempt in Upper Coomera purchased in 2007 that has seen a modest increase from $356.500 to around $400,000. I drew down against that equity to pay my parents back on the deposit (so lovely having supportive parents!). Negatively geared and still costing me $55/week to keep. Hoping to see the Coomera Town Centre plans approved and that that will effect the prices.

I'm planning my next purchase and appreciate your advice. Was thinking Newman but I'm quite risk averse so would rather diversify my portfolio across a few areas mad look at lower entry costs I.e ~$350k purchase price. I'm also currently paying $270 a week in rent so wondering whether I'm better to buy a 2 bed 2 bath townhouse somewhere like Bowen Hills and sublet the second room to make use of that dead rent money.

thanks!

rebecca