Hi Terry,

That is a very broad question with only a few factors to consider to deliver an entirely helpful response… I suggest, (if you have not already done so) mapping out the entire picture with a financial planner/accountant to deliver the greatest outcome. Good financial planners are worth their weight in gold especially if you are a begginner investor.

It also depends on how much you want to be involved in the maximisation of your returns from your investment. If you purchase a property to rent out, will it be negarively geared (ie. costing you money all the way up to your retirement)? Based on the fact that it looks as though you want to buy in Ballina or the SS Coast, how are these individual markets performing? Will there be good capital growth over the years you have left until you retire (considering that when or if you sell that your gains will be taxed and eroded by inflation)? On top of that if you sell, will that lump sum of cash be enough to support you through your golden years? If you move into the property when you retire you will cease to own an investment with good potential to make you money (excluding capital gains which cant be realised until you sell).

What about on the flip side if you worked on developing a positively geared property that would deliver a consistent flow of cash into your back pocket… Or if you were really  keen you could do multiple strategic investments to take home multiple lump sums of cash…

But like all investments they are (or should be) a vehicule to reach your goals. So therefore you must map out what you actually want out of your investment and how you are going to get from A to B. But like I said a good financial planner (preferably someone who is involved in the world of Real Estate Investment) is someone you should seriously consider having on your side before you embark on your exciting path of property investment.

There are good deals to be had, I hope you find one Terry.

Kindest Regards.