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Yeh i agree a rising tide will lift all boats..maybe not to the same extent though. I think 600+ sqm blocks in inner/middle belco will do ok over the long term...if its zoned rz2 even better. Belco is a pretty sucrssful 'town centre' with all the govt workers etc. tho they are talkin bout moving...

Make sure you factor in rates and land tax into your calcs...they will take a good chunk of your rent..,i would avoid canberra, despite the convenience for you. Having said that, if you are spending 400 to 500 then i think some of the belco suburbs are pretty good...scullin, evatt, page..holt...