Ibluedento,

Interesting portfolio. Based on my calculation the rental income is roughly break-even. Or did you mean $1360 is the net income after paying off mortgage? (too good to be true but I don't want to rule this out yet…)

Do you mind telling us where your properties are? Or general direction of it? 

I'll let the experts to comment on whether you should pursue. For me if it's positively geared and have at least moderate outlook of capital appreciation it's definitely worth some consideration.

Weldone Whitehousemax. And thank you for sharing your experience!

Totally agree with Sam.

If it comes with rental guarantee, I assure you the price is already inflated to include the rent, and then some.

What do people think of this strategy:

1. sell your family home, realise some tax free gain
2. buy your next family home outright (no loan)
3. get a line of credit facility secured against the new family home
4. finance 2 properties with the LOC and left over from the 1st sale. Chances are both of them will be cash flow positive

That way all your loan interest are tax deducitble.
Can also utilise a trust structure to minimise tax on rental income
Could even use the trust to buy (with finance?) your existing family home if it's an investment grade property(?)

This is just an idea. The ultimate optimal strategy will also depend on your other factors in your present situation…

AussieRob's presentation was absolutely disgraceful. I'll go as far as saying the inclusion of it devalues the mega conference.

If you're not into speculation and stock picking but just want your fund to grow, I believe no system can help you trade with any more certainy of beating the index than buying the index itself. The fund managers have excellent resources and so called "systems", yet vast majority of them do not beat the index.

So I'd say if you can't be bothered with keeping yourself abreast with the market, simply buy an indexed fund or a few blue chips directly. This strategy is cheap and it's pretty much a buy-and-forget kind of investment.

My opinion is that

>I now know you make more money on a house over time compared to a unit.
Depends on the location. A nice house way out in western sydney will still under perform the market during this period

>1. "Should I sell the unit and put my money else where". If I do what is the cost in doing this ie selling fees, legal fees etc:"
I will. But if you're not getting any meaningful balance out of it after the selling cost, it's worth considering other strategies.

>2. Can I use the equity in my house (currently live in) for a deposit on my next investment?
Usually yes but Paul's point is very valid – you may need to wait until it's been a year.

>3. How can I find out where I will profit the most time in the short amount of time when it comes to property? ie renos, buy and hold, buy and sub divide etc?

Flip is probably the quickest (you dont actually buy anything), renos is good if you have time and energy, buy and hold is a picking-well-and-waiting game… 

All techniques require you to build up skills and experience and maturity. There's no shortcuts. If you're driven by "most profit in the shortest time", chances are you'll get burnt.

Welcome aboard and I wish you a smooth journey!

I witnessed Crazy Staffy launched itself into the Yarra below!

Nice work Ben! Crazy people like you (and to a lesser extent crazy dogs like Staffy) make me feel proud to be a naturalised Australian. 

I've emailed… please check !

Thank you for your kindness.

Comparable unit but older and away from main road with ocean view: $440k
Brand new unit on main street with city view: $400k.

Assuming the valuation is fair and accurate, I know which one will generate far more capital gain, and that's what I'll stick with.

Plenty of land still to build on main roads without ocean view. Those with ocean view demand a premium.