Some extra details may help. Paying $200 p/w renting in brisbane. I earn about $45,000 a year, my wife earns about 25,000, so a combined income of $70,000 approx. Taking into account rent and expenses, we can probably set aside 300 – 350 a week max between us for an investment.

I’m worried that i wouldnt be able to afford the loan repayments if a property wasnt actively being rented. But in all honesty, i dont know for sure what monthly repayments would be like for a home loan of $240-250,000. Any ideas regarding that would be appreciated.

I’m thinking looking at purchasing a property in outlying suburbs around brisbane, or areas close to the city with good public transport.