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for that price you may still be able to get in rivervale or belmont, alternatively a smaller place north of the river. I think that'd be a better bet that forrestfield.

Ashfield or thereabouts may be an option with the new development planned around the station area

this is great news to me, settled on 2nd IP in July last year. The place is 10 mins from the airport and 10 mins to the city, so hopefully demand for fly-in, fly-out with the project up north pushes up the price.

well, for a $350k 2 bed place you are probably looking at $300pw, slightly more for a newer place, given the economy as it is now, which is approx 4.4%. I'd expect rents to rise toward the end of the year. Yield was better when the places were fetching $270pw at a value of high $200k obviously.

With access to that sort of cash, Id be looking for a nice 2 or 3 bed townhouse around Tuart Hill, Dianella, Yokine, Glendalough, Joondanna etc. Can't go wrong there, although I suspect yields won't be all that great at the start. I don't think it would be wise to buy anything more...