Investing in the Riverland, SA

Hi guys,

I’ve just started looking in the Riverland area such as Loxton, Berri, Barmera, Waikerie, Murray Bridge for positive cashflow properties. However, all the cheap properties are very old weatherboard houses, which would need quite alot of maintenance and the expected rental returns are around $110p.w. What do people think of investing in this area? All these towns are located on the Murray River, which increases the likely hood of capital growth. Is there anywhere else in South Australia where I could look for positive cashflow properties?

Regards,
Paul Koehne