Terry. where do you find 7% return in Sydney that is not in boarding or in commercial?

Giddo

Have a look at my new post. I am new to this forum business and posted a new topic instead of a return!

I have copied and pasted JohnG’s post below – Derek

I’ve lived in the ares all my life. Summer Hill is 7kms from the CBD, 10 minutes by car and 7 minutes by train. Great area that is seeing more and more growth as families move in. The…[Read more]

16%-18% Gross does not happen in NSW or at least I am not aware of it!
The building is 3 years old and is brick. No management costs as I will be collecting the rent myself.

Thank you to all. You have been a great help!

I guess what I need is a starting point. A state, a region, an area. Something, so that I can get out there start talking to agents, start applying the 11 second rule etc. In short I need to start getting some experience in this new field. Any advice?

Where do you find IP with a 10% return?

I’ve just bought my first property for 775K. I owe 500K on it. It is leased at 600 a week. I earn 90K and my wife earns 40K. we do not live in it. my contract at work insures that i am given a hous to live in for the next three years rent free.