Wow. I didn’t expect so many responses! That’s awesome. Thanks everyone. The properties are in regional NSW close to a major city. Have low vacancy rates etc. and have down research on the area and i think it is a place good for investing as a newbie. Both Freestanding houses. I am buying and holding for now and see how we go. Purchase price is…[Read more]

@jaqui – yeah definitely won’t just knock the building down without talking to our bank, just thinking out loud about long term plan. Cheers.

@Pimobpi and Richard – thanks for the advice. Yeah I spoke to a person in the Westpac branch and she had me on the phone to a commercial loan officer (?) and they told me that they would not lend resi on…[Read more]