I think the returns are very good. prices are up 120-150% in the last 10 years all whilst yields are 7-8% so basically the gains came free.

How many properties do you own there ?????????

To those people that say they don’t exist CHECK this one out.

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=102182609&f=30&p=10&t=res&ty=&fmt=&header=&c=78043321&s=nsw&snf=rbs&tm=1170242910

I bougth a townhouse in WA two years ago and I have still never seen the place and it doubled in value. You get lucky sometimes……….BUT I was failry worried

I know a place for sale today with a 3 year lease in place rented for $350/week and cost is $149K. Interetsed email me and I will take a spotters fee of $500 mcoll17@bigpond.net.au

I know a place for sale today with a 3 year lease in place rented for $350/week and cost is $149K. Interetsed email fee and I will take a spotters fee of $1,000. mcoll17@bigpond.net.au

You are living in USA I take it ?
What are the “better” areas in the USA that are still cashflow positive ? There seem to be a few in New York State. Can you get postive yields say 10%-12% in Texas for example

Here is a typical property in Kalgoorlie

http://www.realestate.com.au/cgi-bin/rsearch?a=o&id=101436604

What do you think ?

Have a look in Kalgoorlie plently of properties yielding 12%++.

Try Kalgoorlie 12% yields no problem

I have a villa in Kalgoorlie and is returning 12% yield, I don’t think thats too bad…There are heaps like this

But what if I didn’t live there and was livingin a 1 bedroom rental unit whilst I rented my house out ?

What if only had it vacant for one week before I rented it ?

I don’t understand sorry Can you explain ?

So I have 6 years from when I buy the property or when i start living in it ?? If I buy a second house but live in that either am I then liable ?

OK but does anyone know what % gain it was in Kalgoorlie last year ?

IS Kalgoorlie and Goldfields the same place ?

Yields in Central and North Queensland are way better than Melbourne not even close.

so that means the developers solictor could be holding three or foure deposits on each unit ?

Fiby,

I would like more info yes please

Toysory,

Try HSBC.

I have a question for you, what are the good websites to view property in California ? Why did you not invest in california ? What are yields and growth like there ?