Well, naming cheaper stocks wont be too difficult. But higher...

Well, naming cheaper stocks wont be too difficult. But higher quality.... that's more challenging.

As this is a thread about IRE, I won't go into too much detail regarding some other options. Possibly look into REX or TAH. Both on PEs of 7.2 & 7.4, with FY12 yields of 6.7% and 12.9%. I know the dividend will be reducing on TAH in August 12' and the gearing is higher than ideal, but they have room to grow in their online business. REX on the other hand is a brilliant small cap... that's if you can get in (low liquidity).

It all depends on your time horizon & risk levels. I would be more than happy to invest in IRE down the track, but if I have to pay 17x - they better have some juicy growth in the immediate future.