I hear you mate but I don't think the yield has ever been over 10% gross, ($1.00 at current payout level for 33% taxpayers), so I think barring some major exogenous shock buying at $1.10 would be very close to the bottom. That said, you know me and diversification and I also have a very healthy respect for TA. The only reason I used the $1m or $1.2m figures this morning is for illustrative purposes to compare the income to what people earn on residential property.
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