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Goodluck. Buying stuff with stong cashflow, gives opportunity to purchase more with keeping serviceability in tact.

Yeh you can get $250pw, for $175k for townhouses or units being 2 beds + in sydney. I just purchased one today for $169k, rent $260pw 2 bed.

It happens in all cities. You just need to have a loose plan on your criteria. I have seen parts of VIC with cf neutral of late. Like 2 bed unit/villa 20km from CBD $160k buy, rent $250pw.

In sydney I pick them up all the time. Are there if you look in the right places. $175k, rent $280pw. There out there. I bout a 3 bed villa the other day for someone that will rent for $250 easy.