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I picked up a house in Beenleigh last week. $310k renting for $420 per week so exactly 7% gross, lease in place for 12 months. Is Beenleigh considered non-regional?

Yes, 7% gross. Base this on holding costs which varies from state to state. So tweak accordingly with actuals. The goal is positive or neutral cashflow from day 1. Cheers, Michael

Same as spludgey - 7% for me. Don't mind to shave off a little for potential to add value properties.