Believe me, I have explored all building options. Unfortunately our property is zoned 2a, which means I can build nothing but a double story house, as the block is 15 x 62 mtres (need 17m wide block in our council). Ideally we would have built an additional house behind the current house. We are leaning towards building and living in the new…[Read more]

Thanks for the replies..I was thinking selling the $400K property,and use the $120K profit as deposit for 5 or so positive cashflow properties. The reason the return is low on this property is because it is a very old run down house on a very large property. I never bothered renovating as I had always planned on knocking down and build on it.…[Read more]

Thanks. Though I just wanted to see what other people would do in my situation. In terms of getting the finance for the investment properties, I’m virtually sitting on 80% equity, and am not a big fan of mortgage insurance.
Assad