Mohamed Radwan

You're just trying to get in.

And the first question you ask, whoa, how much I can borrow and what type of price range I need to look at.

And then once I...

spoke to the bank and had a bit of conversation and I asked him, all right, so I'm planning to buy a property.

What's the price range you think I can afford based on my finance situation?

And then at the time he told me, I think you can buy a property around 500,000.

And then that's when I start looking at, all right, let's look at the go costs at the time I purchased and see what can I get for 500,000 in a good, reasonable area that will give me a good yield pretty much.

And that's how I start narrowing locations.

And unfortunately, when I jump into the market, there was already a bit of growth happening and there's not many places for 500,000.

Right.

So that was my experience in Gold Coast, yeah.

Rental yield, because probably all the prices was going up.

So when I was looking at expensive areas, even the yields didn't catch up by the time.

The price normally go up first and then the yields kind of catch up with it trend-wise.

But then the area I looked at,

rent was already good in comparing to the price.

And the price is, yes, was going up, but it was not going up crazy yet.

So that's why I felt it's good to buy into an area and mainly focus on the positive cash flow and the yield.

And as long as property can pay itself up, that's positive for me.

And I don't really have to stress much about it and will clear some room for me to maybe borrow more