Guys, Looking for some feedback on my next play (in about 6 months’ time). Currently have 1 x IP in Brisbane (2bedder, inner west) which is pretty much CF neutral. I have been doing the figures on properties sub $200k in Elizabeth SA. Positives: Ø Low entry price Ø Add value via immediate cosmetic reno Ø Yield 6.00+% (possible 7.00% yield after reno) Ø Potential subdivision later down the track Ø Bottom of the property cycle Negatives: Ø Adelaide has poor predicted population growth Ø SA economy weak My thoughts are the ‘negatives’ are cyclical and one day (maybe when government changes hands down there?) will eventually change for the better. Purchasing at/or below market value, then creating value via cosmetic reno & then holding seems to be the best strategy here? Thoughts?