Hi Connolly,

I live in Toowoomba (Highfields) and we have an investment property in Inner-North Toowoomba.

I can provide you with a lot of information regarding Wilsonton, simply because I lived there for a large chunk of my life. Wilsonton has a large housing commission estate right in the centre of the suburb. People of Toowoomba tend to stay…[Read more]

Thanks for comments guys. Some really useful information and food for thought.

I want to sell the newly constructed property as I want the equity out of the property so that's the reason I don't want to keep both. I also feel that if I was to keep both then it'd slow me down as cash flow would take a hit.

PLC – your info has made me look twice…[Read more]

Catalyst – Yes first house was built as a PPOR but then we bought the older property to live in for after the sale of newly constructed property. We bought the older property so that we could live mortgage free and then direct our attention to our first real investment.

So how did I come up with $250000 cash equity? Newly built property is worth…[Read more]

Ok. Yes I have a second property that will be vacant ready for when I move in… The tenants in there will be moved on approximately 2 weeks before I am due to transition from house A to house B. What do you think?

Thanks for the comments guys.

Since posting this question we have made a few changes in our investment strategy. One change has seen up buying a second property that we plan to live in once our PPOR has sold. We are doing this to free up some more cash as we'll only owe $30000-$40000 on it.

The duplex is still high on my list, however, I am…[Read more]

Thanks for the comments guys.

Since posting this question we have made a few changes in our investment strategy. One change has seen up buying a second property that we plan to live in once our PPOR has sold. We are doing this to free up some more cash as we'll only owe $30000-$40000 on it.

The duplex is still high on my list, however, I am…[Read more]

TheFinanceShop wrote:
Which area are you looking at?

Due to our employment (Teacher and Purchasing Officer) we must stay in Toowoomba. We currently live in Highfields which is very close to Toowoomba itself.

Thanks JamieM.

My wife keeps saying to me "lets have kids at age 27" but believe me when I say that I am pushing it back as far as possible at the moment. As close to 30 suits me fine. The loss of income is of concern, but I guess like a lot of people out there, we are trying to time it in around her long service leave. See what happens I…[Read more]

Great info guys! THANKS!

I don't think I'd be too concerned with seeking approval for a duplex as my wife is pretty good with things like that. We could get the land while still in our PPOR and start the whole process. Just faced with a whole heap of 'what if' type questions… How long will it take? What if we can't build a duplex on that block?…[Read more]

Interested to see the replies as we are in a similar situation.

Hello JacMThanks for your reply.Yes we have received the first home owners grant back when it was $21000 to buy or build a new property. The $21000 assisted us to build our first PPOR. Im not wanting to build another house with a 250k debt however my wife likes the idea of a new house. My thinking is to save really hard and own a cheaper house.…[Read more]