Have a read of http://www.narei.com/cycle.html
It's interesting for people considering real estate away from their home
market, in fact for anyone considering real estate.
"wayne" <wbinst@no-spam> wrote in message
news:3f0a66c9_1@no-spam
> If you want decent rental yields (7 -10% gross) you need to forego long
term
> capital growth and go regional. Larger NSW regional towns have really
taken
> this year and so yields have dropped. If your looking for an IRR of about
> 12-15% you can still find it in some larger regional towns but you better
> hurry.