One of my favourite part of the day is reading through these forums.Lots of different strategies are being used to achieve the same result ie financial security, different journeys to the same destination.Like most Melbourne property owners our PPOR has more than doubled in value over thae last few years which has give us great equity to purchase investment properties. We have gone down the same road as described by Yack. In the last few years we have bought new townhouses and units in small developments in good locations within 5 km of Brisbane CBD and on a $1 000 000 portfolio have built up over $350 000 in equity. First couple of properties are cashflow positive, last couple are cashflow neutral. In our situation with both working full time and running a small business it was easier to target a large city which hadn’t reached its potential.We are now adding some variety to our portfolio with our next purchases in select areas on the Tweed coast. For us this is a more viable strategy, with a strong focus on capital growth rather than positive cashflow in smaller towns.
But to each his own, and to be doing someting is beteer than procrastinating and doing nothing at all.
Happy Investing!!