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I would suggest you look at the growth in Inala in the past years. I wish i own 20 ip's there! You need to understand that you are buying houses for people to live in. Forget about the "i would never live there" excuse. See the growth in slacks creek, inala, even darra. Mount druitt in...

This is what I've been trying to say.. I know you want to have ip's near where you live, etc; s. Lakes is ok, but it's too new for me. Something closer to brissie is probably better. How about Darra?

South east queensland in general was advertised as a hot spot many years ago, and it has still yet to boom. In fact, some places the prices have gone down. I looked at Springfield lakes many years ago. I even went there, had a coffee at a nice shopping center (was it called Orion?), but decided...

For 350k you can get something much closer to brisbane, with probably a much better yield. Honestly, that return based on the numbers you've given is really bad. Why are you looking that far?