Hi Andrew,
I would tend to agree with the North Brisbanite that is a very hard question to answer. With the money that you are looking at buying you could purchase two properties in certain Brisbane areas. From my experience, I have purchased rental properties all over Brisbane and I tend to get the best results from the Logan area in relation to the rent received. To buy in Logan I would search for a brick home as there is less maintenance on them. After speaking to a couple of agents last week I know a lot of people are offering around the $200,000 bracket and the properties would typically rent out for about $300 to $310 per week. These are in suburbs such as Woodridge, Kingston, Logan Central, and some parts of Slacks Creek. If you spend up around the money, though, you could also consider Browns Plains, Hillcrest, Regents Park, and Boronia Heights as these have an enormous boost to its infrastructure both in quality of living and commercially.
Andrew, we also acquires distress properties from motivated vendors and supply them to investors as rental properties. If this interests you, please drop me a personal message with the contact details and I can send some information.
I hope this helps.
Regards,
Jason Moore.
