Hi I’m new to the forum, currently my husband and I are trying to ready ourselves for our first investment property. One bank has offered us an 800k loan, this is more than we imagined spending. But then we only imagined a unit or apartment but have since picked up that rentable house and land is better?

Our accountant wants to negative gear this property, we run a company, but how do we select a property based on this, should we look for a low rental yield and a higher purchase price?

We have had a broker in Sydney recommended to us even though we live in Melbourne, how important is the face to face aspect of this kind of relationship and how much more valuable might a local broker be, if at all?

We need an ongoing relationship with financial advise attached and would like to build a portfolio and make an income from rental properties eventually. Is it normal for the first IP to be negative geared and then hopefully all future properties positive geared?

Anyone have opinions on investing in house and land in Spribgvale, Clayton areas?

Any thoughts appreciated.