I use Terry Sheer – both my PM in QLD use this company. They are competitive in price and have a good reputation, not sure if they are just QLD or Australia wide.
I dont mean to dampen the enthusiam because its great and very motivational.
The deals that have been mentioned I cant help but be a touch skeptical about. Not because they are not true but because they could be misleading to a new invester expecting large growth immediately.
I too have had great capital growth and get a +CF so I guess I cant complain but I think you have to be prepared to take the good with the bad.
I have 2 on the Sunshine Coast. 1 is just +ve and 1 is neutral. Looking for my 3rd at the mo but dont reckon it will be on the Coast. Time to look past the end of my nose this time.
Personally I fix my interest rates around the 3-5 year mark but this also depends on the interest rate trends at the time. This allows me to budget for all expenses for this amount of time and gives me piece of mind so I can still afford holidays etc. Its not the most aggressive way to do it but it suits my situation.
It also can give you the opportunity to setup an exit strategy if your fixed term is about to expire and you cant afford the new interest rates or you want to budget for another investment property.
I am a newbie to this forum but will give you my opinon anyway []
If the prices are around the 75000 mark and you can get 150 pw for them then that is borderline to the 11 sec rule. do your research and crunch your numbers, ask more real estates what their demand for rentals is.