As most of you know, I've been selling some & deleveraging a bit. Well....I've just sold another FOUR. They are a block of four Strata Units, sold in one line in a decent part of Moree. We bought these around 2003, looking for cashflow. We paid $210k for all four of them and they were each renting for $140pw on the private market. We went through a rough patch just a few years in, when the vacancies were a little high, and we found out that the Agent was prioritising local Landlords. All four became vacant during that time, & when I rang them up and said I was moving to the area and I needed X (insert the qualities of MY units here), I was not told of my own units. So, they were promptly moved to another Agent who got the WHOLE LOT leased immediately to a local community group on a head lease. They've been rented 100% since then with no issues whatsoever. As they are with the Community Housing, getting rental increases has been hard, & to date they rent for $160pw each, a total of $640pw for all of them. If they went back on the private market, & had a small reno, they would easily rent for $190-200pw, which we were going to do, but decided that the time was right for them to be sold, so that's what we did. They settled last week for $380k. Yes, we could have got more, if we sold them one at a time....but doing that would annoy the Community Housing, and would take a heck of a lot longer. We assumed that a local would snap them up, due to being Strata Titled. It would be easy for a local to reno them & sell for top (Moree) dollar, but it wasn't. The new owner is in Cambridge Gardens, not far from here. So....for all those that say you don't get any CG in Region areas, this shows that yes, indeed you do. OK, not as good as the last one we bought for $186k & sold for $490k, but heck....this is Moree, afterall, and it's reasonably close to double our money.....and the best part is that they've been cf+ since day one.