Thanks Andrew,
Do you have any properties in Brisbane that meet this criteria ?
There is no objective criteria so far, what is distress and what is a bargain!?
If you start with budget, property type, location, desired yield, desired outcome, exit strategy that would help your search.
Unless a large renovation job is on the cards I believe the best bargains are to be had 500k+ and especially 1M+ in residential in Brisbane, something a little outside the box and especially multi properties such as blocks of flats, the sort of property that leaves the agent flummoxed in finding comparable properties so they either misprice it (relatively rare) or try and take it to auction (normal), in the case of auction where cash really speaks if you want to take it off the market quickly.
Most times when investors ask the bargain or +ve cashflow question they are fishing in the lower price ranges 350k and under and want the cracker bargain there, which usually means buying something that is scaring most buyers away condition wise and needs a lot of work to uncover the profit, which is fine except that most people who ask this question are also not willing to undertake that type of work as well, just my experiences
