Hi terry, research, research, research. Don;t be afraid to go interstate as well. I live in NSW and am in the process of buying 2 units in cairns positively geared. They are around. realestate.com.au is also a good site. Email agents to find out what rent return is expected to be. As them what sort of improvements you could do to increase the rent…[Read more]

Hi, why not buy 2 cheaper properties straight up.
We are just in the process of buying 2 properties in the same block for 107K and 110k with rent return of 155 per week each. If you put 50k towards each including costs on something similar then they will pay for themselves and you could keep renting until you leave.

Hi first timer,
Are you paying $800 a week or per month.
If you are paying $800 a week then have you thought about finding somewhere cheaper to rent for a while for say $300 a week, then you can save $500 a week towards a deposit (making sure you actually put that money aside and not spend it). Obviously if you are paying $800 a week then wherever…[Read more]

Do have an existing property ? We`have just done an equity loan to put down as deposits on 2 more properties. Our existing property valued at 209k, we owe 90k, now borrowing another 50k in equity. We are using someone this time as it is the first time we will have more than one property. His fees are tax deductible, so go for it and use someone to…[Read more]