Thank you Shahin and Jaimie M, the property is my PPOR

Thankyou for your information Derek.

Thanks for your response Catalyst. We really want to capitalize on the equity we have on our house. We are both young and have good jobs so we want our money to start making money for us so it will help us with our future.

We don't want a get rich quick investment we are in it for the long haul and want our property port folio to grow we just need a start somewhere so any advice is much appreciated.

We thought Mackay because of the surrounding mines around the area, but are worried about the future of coal. Townsville we thought because of the diversified economy.

We have also thought about Ballarat because of it being easy access for Melbourne via Train and with the Victorian government promoting a policy of decentralization should see more growth within the Ballarat area with residence living in Ballarat but commuting to Melbourne (whether this happens is a different story).

Thanks guys.

Thanks for the information Rick sta and Qlds007. We bought in Gladstone a little before the boom we are unsure about Gladstone at the moment with all the housing development that has gone/starting to go ahead as well as all the camp accommodation provided for workers. We have thought about Townsville and Mackay also. What are considered to be good capital growth percentages?