Hi all, 

Many thanks for the advice – all very sound and helpful.  The approval was from one lender so I'll explore what a broker has to offer and a Trust structure. If I can get a house it will be better in the long run.

Any views on the 15km limit from the CBD? Could a new house in the outer suburbs be a profitable purchase in the long run? Obviously, I'll check vacancy rates, income, etc.

The 2 properties I have now were originally bought as homes for me to live in. All I had to do was find the area I liked and then a house I liked. Gotta say, buying for investment alone is far more challenging!