It’s more than alright; this could be a better alternative to the stock market.
Two brick veneer units on a block of approx 819sqm with water views, just minutes from Burnie CBD offering a 6% Gross return.

Both units have current leases of approximately 12 months (expiring early June 2011) to excellent tenants. The units benefit from the Northerly aspect, and sparkling water and leafy treed views over the valley. The front three bedroom unit, will have a weekly rent from July of $185 per week, and the rear unit, two bedroom, has a rent of $175 per week.
Easy to rent and maintain, this combination is rare, and has a possible potential to strata, or become a home plus income strategy, or would be perfect for an extended family situation. This property represents income
plus growth,….with good bricks and mortar.