Thanks guys, a couple of “ifs”?
If I get it for $43k, and
if I get the rent up to $50 ??
That pushes gross yield up to 6% and looking around Sydney most other places are $60k plus, I’m new at this so I don’t see why its such a bad investment (presuming I get 70% finance).

Although saying that the 10k I have sitting in the bank already gets 6%…[Read more]

Thanks guys, a couple of “ifs”?
If I get it for $43k, and
if I get the rent up to $50 ??
That pushes gross yield up to 6% and looking around sydney most other places are $60k plus, I’m new at this so I don’t see why its such a bad investment (presuming I get 70% finance).

Thanks again for your help, Damien