Thanks for the comments – an agent cautioned me away from the distant regional centres (e.g. the aforementioned 200km north of Melbourne) because rental demand is lower and capital return is much less. I know you can’t win on all fronts, but what experiences have others had in locating suitable properties? Cheers, Geoff.

The agents in Geelong and Bendigo laugh at me when I say that 5% is not attractive to me, and that 10.5% is the required yield.

Am I missing something here? Properties like that are considered as rare as the proverbial, so what is next in the thinking process? Cheers, Geoff.