Wall 88, you make a good point, thanks. I think if we were posted to Wodonga we would end up living in any place we owned so that would be ok. Please let me know what you do find out about the subsidies though as it would be good to know just in case.

Catalyst…. the $300 – $400 is what I would be out of pocket. The properties I have been looking at would require a mortgage repayment about 300 dollars p/m over what the rent return would be. This is what I meant. I did not mean that $300 is all the mortgage would be. I don’t expect to find a place for $60,000.
I am still need to do more research on the area. There are many articles out there on the big cities, but not much on places like Albury.
The housing commission idea is an interesting one. I think it would end up depending on whether i would want to live in the place in the end.