QLD Beaudesert, good for IP?

I've been offered a house & land package for IP in Beaudesert for approx. 580k to build 2 duplex units, with rental estimate of 550-590 pw.
I've never heard of the suburb name before, however I've been told that growth is to expected in the area in the next 3-5 years.

What I can see is the average house price seems to be bit flat for some time.

Can I get some opinions from you guys please, if the proposition above is good/decent or if I should avoid?
Thanks in advance.

 

Too far away! From anything!

 

I go through Beaudesert once a month on the way too nth nsw ,there is a massive earth works going in the final stage about 3 klm's from the centre of town as you enter the town from inner Brisbane,,that may well be the estate you are talking about..
Be very care-full with those rent levels ,do you have the name of the new estate as it's just on one hour from Brisbane-depending on the time you travel..imho..

 

Thanks for the info.
It's called Oakland estate, the street name is Jason Day Drive.
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What exactly that I need to be very careful with the rent levels?
I've checked the current rental ads and it seems the price mentioned to me is within the normal range in the ads.

 

Is the rental return per property or 550-590 total return ..

 

Total
Sorry, should have put that into the original description