I have been in the process of purchasing a new rental property and I found all the barriers that the government has created very discouraging. The exta stamp duty is excessive which meant that I couldn't afford a larget deposit and hence a better rate on the mortgage. The affordability tests on the mortgage were prohibitive as well. In the end a family event tipped me over the edge and I have backed out of the purchase.
So I have some money that I would have put down on a property. By my calculations the return would be about 6%. So if I don't put the money into property, what other investments are there that will give that rate of return?
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