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The plan was to reno if needed when the tenants that were existing moved out, but as soon as they gave notice the agent said don't bother, the rental demand in the area is very high! I had someone signing the lease with a $20 increase the day it hit the Internet advertising it available 2 months...

Good to see, hope the renovation of yours went well?

I meant suburbs that were along the Bay, you can still get great value, good yields, nice cool bay breezes, all within a 45 minute train ride to the city. Wynnum and Manly have jumped a bit, further down the line has not "yet".

You could consider "bayside" for a $400-500k budget, not blue chip in terms of proximity to city but good yields and some parts look really good value and have not started to move significantly yet.