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Thanks Benny very much for your reply and glad I come across this site.
You made a point which I have realised regarding over capitalising. The house was bought for $550k and the last value was $700k so may not be a stretch to get $750k.Currently rented for $450p/w. Brisbane is flooded with apartments which has effected the rental market but less houses seem to be available as I have rented it out twice and gone in 2 days.
This is why what you said, and why I haven’t done anything is that if I go and spend $300k then I am up around the $1m area and then there are a few options for buyers although the street next me has sold houses on 405m2 for $1.4m but obviously amazing houses.
The reason there is not much data on 2bed’s in the area as there are not many around any more so hence to get into the area the young professionals will be fighting over the cheapest ones which is what I did when I bought it. Those that can afford $1m+ have more options.
I have not looked not what you are saying about the rental market for a 4bed so I will look into that. Also I am a believer of buy where you want to invest and rent where you want to live.
Yes it is my PPOR and I have been away for 2 years so I have got another 4years before having to get back in for a while.
I will keep going through some of the interesting articles in the forum.
Thanks again for the response.
Muzza
