dc – this is very excessive. I just recently had 8% from my estate agent and this was lowered to 7% across the board when I bought my 2nd IP in Perth.

Shop around – 9.35% means you are getting robbed!!!

Good luck with finding another agent[biggrin]

My belief is that it is wise to purchase in these areas provided you have done your homework and are comfortable within yourself that you can sustain your positive cash flow in the area.

At the end of the day, provided you are getting PCF and your tenants are happy with the service you provide, then the capital gain shouldn’t matter too much…[Read more]

Thanks for the information guys.