investors are pulling out....herald ! , page-20

Tcisboss, even just some suburbs would be great.
$350k place, $15k buying costs (could be more), so $365k, interest at 6.25% (about the lowest around), $22.8k interest, so without any depreciation, tax benefits etc, need $470 a rent per week after 7% RE costs.

Hmm, I can't wait to see properties worth $350k where you can get $470 per week rent!

Eg. We're 15kms from the city, small subdivided block, pay $360 per week and would sell for around $500k, nice suburb but far from any of the best.

In conclusion, until I see 5 or so examples from Tcisboss, I'll treat his claim as deserved, a comment with no evidence and grossly against the vast majority of what is going on in Melbourne.