Sunday, August 9, 2009

Something interesting for us all...



If you're like me, you like KFC. But if you're also like me, you will also like numbers. This may be handy for some of you:





Except for that one Sydney suburb for units, this shows how difficult it is to acquire positive geared IPs in inner rings of the major three...

For all of the capitals, click here.

3 comments:

Ian said...

I am not sure what your point is here... 4 to 5% gross yield doesn't seem like a very good investment to me...? I am interested in investing in property but that doesn't seem to stack up as a very good investment. What am I missing?

Andrew K said...

That is exactly my point Ian. The inner city ring is almost a no go zone for investors. My point is, unless an investor has capital to burn, they will not be buying inner city units, let alone houses.

What most people inadvertantly "miss", is that the capital growth over time can be multiplied by purchasing multiple properties. Historically, property is a great investment vehicle (especially in Australia), but then so are shares.

Does this explain my original post? You're spot on, it's not good investment, that was my point.

Ian said...

ah ok. Yeah that makes sense. Thanks for clearing that up.