All great insights once again, thank you. I can see how the calcs stack up better and take out the bias by using total value vs. money owed.

Good on you for thinking of the “narrowing market”. On the flipside, is there a wider market by looking at your property differently? You mentioned it is around 40 years old, and that nei…

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Thanks for taking the time for that detailed response. Looking at the numbers is definitely one of the key elements I’ve been leaving out in my decision making. So I’ve had a look at yours,

Option1:
Value $550k (est) Equity $200k Income $650/wk = $32.5k pa = 5.9% return (gross).
In example above, I have made a couple of…

[Read more]

Thanks for taking the time for that detailed response. Looking at the numbers is definitely one of the key elements I’ve been leaving out in my decision making. So I’ve had a look at yours,

Option1:
Value $550k (est) Equity $200k Income $650/wk = $32.5k pa = 5.9% return (gross).
In example above, I have made a couple of…

[Read more]

So I don’t know if it’s appropriate to ask for specific advice, however when it comes to my one IP i’m being a little biased so I need to take myself out of the equation. Hoping someone might be able to give me the objective viewpoint I seem to have lost!

My one IP is a 2 storey 5 br house with separate living upstairs and downstairs.…[Read more]