Having spent many hours hunting positive cashflows in Australia I am on the brink of exhaustion!
With median houseprices being 200k+ 1-2 hrs out of Brisbane CBD I feel the 11sec rule is not possible to find.
I have looked across the Tasman and see plenty of long term rented properties in the 50-75k range with retuns of $120-$175 per week. This seems more like positive cashflow to me!