Hi Joe

Welcome to the forums!

The first and most obvious question is, are you contemplating another IP purchase in your own names, or are you contemplating setting up a Self Managed Super Fund and using your superannuation money as deposit and buying costs on the IP?  I'm guessing you'd have sufficient funds in your super to fund a hefty deposit on at least two properties, and with the correct yield, they'd be paying for themselves, such that they'd be paid off by the time you're retired.  Hello tax-free rental income! 

5.15% is a bit on the low side for yield – certainly when you are no doubt wanting the properties to be debt-free or close to it by the time you hit retirement age.

Hi Chrighto

Jamie has hit the nail on the head in pointing out that your personality and risk profile will play a part in determining what type of investing you are comfortable with.

Depending on what your income is like, then assuming you wanted to invest your $200k in property, it could put you into up to 8 properties.

As you say you are "starting again" you want to be relatively certain that you are choosing a stable and predictable path.  When you are purchasing property you'll gind that you will need to use a series of professionals along the way such as Brokers and Accountants.  Be certain that each person you allow to work with you is already wealthy or financially free via the vehicle of property investment… or well on the way.  After all, why would you follow the advice of someone who is not succeeding in improving their position via the path you are planning to tread.

ps, did you know you can use your superannuation to invest in property.  This might be something worth pondering as a portion of your investing plan.

Superannuation money is already locked away anyhow.  Might as well put it to awesome good use.  Further, when you salary sacrifice income into super, you simulataneously reduce your taxable income, which in turn saves you tax.

Hi again Kane

The order in which to do things will come down to serviceability which is best commented on by one of the brokers.

I'm wondering what's happening with your block of land in WA which is accruing mortgage interest but is not earning rent because there is no dwelling on it. I thing this is something to ponder.

As to the new versus old argument…

Unless you have a crystal ball you cannot know for certain which areas will rise in value.  The property is new so there is little you can do to force value-add.  With an older property, there are several things that can be done such as renovate or subdivide.in

ps have you considered using your superannuation to purchase investment property?

Hi Tom, further to what Jamie said, keep in mind that if you will be opting to do broking part-time in addition to your current job for a while, you'll need to be aware you'll be using all your spare evenings and weekends either at your desk writing loans, or out visiting clients.  It would be a good idea to be very honest with yourself about how long you think you can dedicate to this lifestyle (having very little time for rest or social activities).  It would be a shame for you to put in a lot of hours and effort but only get half-way there before burning yourself out.

Hi SirDangerMouse

First and foremost is important to be aware that it is not necessarily guaranteed that you'd be able to get finance for a demolish and rebuild venture.  It is important to look into this from the perspective of whether you would qualify for such a loan from a serviceability perspective, and whether a lender would happily finance it.  Perhaps they'd be unhappy lending you a big pile of money only to have you then demolish the only dwelling on the site.

Assuming you could finance it, then the option you should take is (and please try not to laugh too hard when you read this), is the one that makes you the most money via the path of least resistance.  Cut the numbers to understand the costs, timeframes, and likely profits of each option.

Sorry forgot to answer your question.  Richard Taylor (https://www.propertyinvesting.com/user/qlds007)  is a Financial Advisor and specializes in SMSF setups nationwide.

Taking a step back, is there a reason why you're thinking of going down the trust route?  Or is it that you've heard about trusts and are trying to figure out if using them is appropriate for you?

You can listen to what has someone has to say and learn bits n pieces from it.  You can be matter of fact in your evaluation of whether or not that person's information is useful to you or not (and why) without needing to be paranoid.  It is a good thing to expose yourself to lots of people in your chosen field because the more you listen to, the higher the chance you will hear pieces of information that are useful and relevant to you.  And you might just come across a person whose service or knowledge you can leverage so that your investing moves much more quickly and strongly than it could under the steam of only your own knowledge.