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This may be worth a look at East Perth THis was emailed to me today, looks interesting http://cityresperth.ljhooker.com.au/13PXFGJ

Hi and Welcome to SS It is certainly a very good time to jump into the Perth market as it is a rising market and as you mentioned rents are great. As far as inner city units go or anything within 10 km from Perth for a hold you should do very well. Try to stick to smaller blocks of units...