Petrie Property (close the new uni) : 35 Year old, Weather board and Wooden. Condition is ok. Price $330K (Approx Rent : $340) Goodna Property (non flooded area) : 6 years old, Brick and tile. Condition is good. Price $330K (Approx Rent : $360) Let's say you have found two good properties one in Petrie and one in Goodna. Both properties are pretty much the same price. Rental wise, you will get $20-$30 extra rental for the Goodna property. Goodna property is only a few year old where as Petrie property is almost 40 years old, Goodna better depreciation. And also, Brick Tile vs weather board/wooden. So, cashflow is better at Goodna property. May be CG is better in Petrie. If you are in a situation what would you select for investment?