hi geezer,
had a look and houses like that are at the upper end of the scale for that suburb and they rent for about 24k per year
a property like that is about capital growth and i cant see it happening on that yield
having said that, i dont believe you will loose your shirt at all, if you like the idea of using it as forced savings go for it
its no money spinner thats for sure and I would rate it as moderate to low risk for someone with a lot of equity
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