Thanks Tom, good to know, I will keep it in mind if we don't find a place first.

Thanks Dustin for your prompt reply.

Fortunately we have been told why to pay off our PPOR first (as it is a bad debt vs a "good debt") so that is a positive.

We have established an equity loan to draw down on when we find a property and also an interest only loan pre-approved.  It seems all we need now is the property. 

Thankyou for your negative gearing insight.  I had a rough idea that a negatively geared property results in a tax deductable situation of property expenses, but a positively geared property income is added to my gross income and I have to pay tax on that as if it was part of my salary.  

From what I can gather I need to be able to compare what scenario suits us best if the bigger profit is made from a or b to add to our PPOR debt.  

As I have read, it is not always easy to find a positive flow property, so I guess we just need to find an area we like, buy below market median and see what evolves and learn from any positive and negatives along the way!

I appreciate your input. 

Thanks

Natalie