hello there!

Bill i am not sure when you last had a lookl at the wagga market but at this stage i do not belive that wagga can return a +10% return on anything that is available for sale here. i have a couple there which i had brought in Feburary which are not giving me 11/12% i had them revalued last week which gave an increase in value of about 20% Great for me but Rent has not increased by 20% here… Even shoty units are selling for big money and the rent is no where near catching up yet. that is what happens when there is a sharp increase in property value which wagga wagga has seen in the last 12-18 months. Look at wagga wagga again in 4 years. houses will not have gone up much by then and the rent will have finally caught back up this is when you can get in on somthing that will make you some money and steadily increase in value. But now…. Too much Money not enough Profit.

Start looking somewhere else or waiting….