Paul2 its interesting that you say that 4.6% net yeild is very low. In Sydney the suburbs within about 8km of the city a 4.6% net yield would be very good. My mates are currently renting out a 2 bedroom flat in Wollstonecraft that i estimate is worth around 400k and they are paying $290 a week. This works out at 3.77% gross. If that isnt a sign of an overvalued residential property market then i dont know what is. BUD do you mean the Moree/Mungindi area, or further west?
