hello All,

very good stuff in this post. this is my first post on this site and i am very new to this property investing caper. in fact i do not have any investment properties but am looking to get good info and ideas and maybe start to invest in the next few years.

my story is that i bought a unit in lane cove,sydney nsw ,in august 2005 for the median price. it is my home and i was glad to get out of the renting game. i actively follow the lane cove property scene and was surprised to find that the exact same unit but 2 floors down sold for around $25,000 more than what we bought for.

needless to say my partner and i were very pleased.

we are hoping that the new lane cove tunnel which is due to open early next year will again raise the prices a littlemore and then we can look at other things.

my ultimate goal is to buy a house.

my question is, should i, when the time comes, sell this property or would i be better of keeping it, remortgaging and buying a house to live in thus placing my current unit up for rent?

this would mean that i would have 2 properties, one for investment and one to live in.

any ideas. thanx