Thanks for the reassurance Benny. I’m definitely thinking more along the lines of buying and adding value now.

What are some of the simple renovations that people do to add value? Actually I think that in itself my be worth it’s own thread so I might just do that.

In doing further reading via Benny’s wonderful thread, I stumbled on this piece about negative gearing, highlighting the pitfalls and misconceptions and will approach this with much more caution.

Having said that, the sentiment I get is that it is almost impossible now to find a CF+ property in Sydney. It seems the only way to get this is to find…[Read more]

Take care not to fall into the trap of listening to people who tell you to get yourself some negative gearing “for the growth”.

Ok that makes sense. So should negative gearing only ever be considered for tax break purposes then?

In my current situation where I’m currently earning circa $150K a year, would getting a negatively geared pro…[Read more]

Thanks for the very detailed response Benny.

I’ve just checked for FHOG and one of the conditions is that You or your partner have not previously owned residential property in any form in any State or Territory of Australia. Guess I’d be ok to forfeit this concession if it meant that all these other opportunities are available.

PPOR – as safe as…[Read more]

I had a read through of some of the threads prior to posting this and really like how this forum is so forthcoming with advice and help, so thank you guys! Doing a wonderful job in helping us newbies out :)

I’m definitely looking at getting an IP and that link, thanks very informative btw, cements my decision. Right now I’m facing a few the…[Read more]

Also the FHOG only seems to be very restrictive as it only applies to new homes. This would rule out a big majority of the property market. Would you forgo the FHOG and buy something else or would you try and take advantage of the FHOG?