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The PM did not contain any suburb names :o No, not a chance. Mortgage rates are what? 6% or thereabouts. Running costs are 1.5% as a rough rule-of-thumb. So you need a 7.5% yield to get cf neutral. That means if you buy for $450K you need rent of $650pw. Not going to happen - sorry. :( Not in a...

I've sent you a PM

I agree with peastman. Stong CG potential - yes. Yes, you're dreamin' - especially if you are borrowing all the money. You can buy a decent 2brm around $425K minimum but this would rent for $420pw max. So around 5% yield - hardly cf+ or neutral. There are (or should I say, were) only approx...