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Thanks for taking time out to reply.
I am only just embarking on the journey, so the way forward is somewhat hazy. I would think how many properties I intend to purchase depends upon how many I need to secure a reasonable income, what sort of properties they are and where they are located. I would also think that this would take quite some time to model…hello analysis paralysis!! Yes, I could go to an advisor/broker, but those I spoke to are not prepared to put skin in the game, i.e. their fees are not related to the success or otherwise of their advice.
“Heavy into Melbourne market” – Its where I live, and my only real estate holding, so does that qualify as heavy?
Finally, avoiding tiny towns would be obvious (low demand for property), hence the ones selected…Ballarat pop 95,000, Geelong 180,000 or Shepparton 30,000. Bairnsdale is small at 11,000 but was included as an emotive fave :-)
Cheers,
Scott
