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Haha geez! As per sqmresearch - vacany rates $350k - 2% (note thats 8 properties vacant, very OO suburb) $315k - 1% $300k - 1.2% PM fees for the area, shouldn't pay more then 7.7% (inc gst)

$350,000 would rent for $350+p/w ~5.2% yield $315,000 would rent for $360+p/w ~5.9% yield $300,000 would rent for $300+p/w ~5.2% yield Each of these could do with a reno which would see rental increase + CG. All could likely be developed at some point.

Haha deal! Adelaide is bad, stay clear. 3 bedroom 1 bathroom 600sqm block in very good area 15km from Adelaide CBD $350,000 4 bedroom 2 bathroom 700sqm block in nice area 16km from Adelaide CBD $315,000 3 bedroom 1 bathroom 900sqm CORNER block in ok area 16km from Adelaide CBD $300,000

Not Adelaide ;)