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Preferred and best performing state school in the area. I don't know the boundaries for this but I'm sure it could be determined fairly easily, used to include much of Mt Gravatt but may have changed

Several of those are likely to experience higher vacancy rates especially for units due oversupply but op was interested in houses so it probably would be okay IMO

Very similar IMO, Upper Mt Gravatt is good as its close to Garden city and public transport/buses. Griffith uni is close by and huge numbers of students rent nearby, the area is a employment node. Downside may be the multi story unit blocks which have appeared along Logan rd. Mt Gravatt...

Rental yield of 4.5% would be easier to achieve on a slightly cheaper property or for a townhouse etc.

For a $650k budget you could look at Morningside just, its close to the cbd but not too close. It is surrounded by more expensive suburbs and has a train station close by. Vacancy rates I'm not sure but it would probably be greater than 2% presently. Rezoning in Cannon hill has increased...