Yeah all good comments there from Mister, Scott and IP Freely. I thought there must be a good reason why people don't build flats anymore.
When I first moved to the city in 1988 I lived in a big old house that had been divided up into flats. I wonder if people are still doing that sort of thing now-days? The accommodation wasn't flash but it was so cheap – however if you added up all the income the house was making from the combined rents it was probably pulling twice (or more) what the house would have been with a single tenant arrangement.
We have 5 high yielding units at the moment but I am constantly trying to work out a way to get our hands on properties with even higher yields.
