hahaha – I've re-read my post and am surprised that you were able to catch anything from it!  Thanks a lot, good thinking.  I'll do the numbers but what you're saying makes sense …

Thanks Michael, funny you should mention not buying a 500K lemon … we just signed up for a 429K 1 bedroom unit in Canberra (on Glebe Park).  I'll write a new topic about it asking opinions … its a lot of money but I tihnk it is worth it.Thanks for your adviceCheers

Michael4 wrote:
i think you any very good position as marc stated earlier.you…[Read more]

Thanks a lot Marc, I appreciate the time you took to reply.  Its comforting to hear from other investors, the only people I have really spoken to are other 'beginners' like myself and real estate agents who obviously have an agenda.  Yes I had forgotten to factor in the rental income!  We have also just signed up for a 1 bedroom unit in the mid…[Read more]