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So your about $7k positive on a 100% lend That's about as good as you can get in metro without subdividing (on a lower end resi) Not bad Yes it includes all the same costs Birkdale is ok, wasn't first choice but thought it was a good opportunity. Got an old brick house on 1400sqm for...

How do you get 15 k ? So you get about 500 rent on a property worth 200k? The rates in Brisbane council are lower but our place is in redlands which is quite expensive. We have 1400sqm which is rated at $300k Our quarterly rates are $750

About $85 a week or $60 after tax

I would go close to the CBD for 500k. The yield is still 5% so all you are paying is rates and other expenses - $4k a year? Rates in Logan are high - what's the real cash flow - 1 to 2k? So your down on cash but I bet in 5 years you will smash it on capital gains The worst suburbs in...