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  • Profile photo of woody88woody88
    Member
    @woody88
    Join Date: 2005
    Post Count: 4
    February 5, 2005 - 4:11 am

    Thanks Sharon,

    Given my location in Sydney and nothing of +CF nearby I am resigned to buying something more remote…..which then means rennovting is all too geographically difficult.

    The block size and house positioning is a good idea as subdivion can be done from a distance.

    I need to keep searching for the plain vanilla 10.4% returns without much capex required……its just a question of what areas might I start in…..your comment on single industry reliance is good as that is why I am a little concerned with Kalgoorlie.

    Can anyone point to more likely regions in NSW?

    Houses – $150,000 or less, with 10.4% return, and not a rennovation job?

    Regards
    Woody[suave2]

    Profile photo of woody88woody88
    Member
    @woody88
    Join Date: 2005
    Post Count: 4
    February 5, 2005 - 3:21 am

    Thx Lucifer,

    That is what I am trying to do, but everyone I email or talk to says its not possible anymore in their particlar town….how small a town in population terms do you think I need to look at…if wanting to find the houses to buy. <150K

    rgds Woody88

    Profile photo of woody88woody88
    Member
    @woody88
    Join Date: 2005
    Post Count: 4
    February 5, 2005 - 1:27 am

    So I guess from the nil response it means the 10.4% gross return no longer exisits on residential property ???

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