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  1. B

    My steal of the week. $20,000 cairns unit which vendor paid $113,000 for rent $160pw.

    As it's part of a resort complex, perhaps there are restrictions on renovations, in order to keep everything consistent. All the units on sale look the same.
  2. B

    My steal of the week. $20,000 cairns unit which vendor paid $113,000 for rent $160pw.

    Why do you think they are selling so cheap Ed. And domain show 2 others listed for $160/wk in the complex. I can rent a 2 bedroom unit in Woree Cairos for $160, or another one for $145/wk, and closer to the CBD. Why would I rent Nathan's studio for the same amount To me it just looks like a...
  3. B

    My steal of the week. $20,000 cairns unit which vendor paid $113,000 for rent $160pw.

    Looks like a newby/beginner purchase. High costs, and promised high rental return. What about vacancy rates. $20000 for $160/wk rental income. Isn't the saying that if it looks to good to be true, it often is. Have you got that in writing:rolleyes:
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