Great thread people, just the sort of thing I am looking for:)
Just a quick one though, the areas are listed but how do you go about finding the better ones to go with? Growing up on the western suburbs of Syd I know these areas well but not well enough to put the money on the line.
A couple of key points if you will for a potentially cash…[Read more]

Thanks gents

Thanks again Scott, forgot to mention that our loan is on an interest only set up so that’s a start.
What you have said about renting our house & going elsewhere to rent really makes sense to me at present & has made me totally re assess the way we have approached our renovation. Just out of interest should I look at building up my taxable income…[Read more]

Thanks Scott, I have been with the olds for the last two years! I would be OK with hanging out but not sure if my wife would be cool with it + my parents are looking at down sizing so I suppose either way I will need to make a move.
As for renting my place out & renting elsewhere, how does it benefit me? Is it mainly come tax time that I will see…[Read more]

I guess I could jacM, the place that we have here is almost renovated & I would hate to see the cash & hard work go down but I don’t want it to look hotch botched. Been looking around today & I guess I could a small single level place but we would need to have a shared Drive way.
@ bluegrass, I would much rather do it on my own, just looking at…[Read more]