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Foxy Good response and for that I will throw you a lifeline. If you want positive cashflow properties there is heaps about, go to most mining towns and regional centres. I do however think ( and this is my opinion) if your goal is to have 50k equity to live off every year you may not reach...

Foxt Unfortunatley you are not the first and definitley not the last, try a search on the subject "Trying to find a house for under 300k that has great rental yield and will experience extreme growth in the next 2 years" and then the post says something along the lines of. I don't know...