Remember it's not only about beating the return from your existing fund.  It's also about having full control of the fund and using that to your advantage.  And don't forget the benefits of tax deferral on contributions.

I wonder what sort of training you would have received had you gone ahead with it.

From the areas you've mentioned I'm guessing you intend to buy a H & L package? If so, why?

Mount Low and Burdell are one in the same in my books, Oonoonba is close to the city and neighbours Idalia which now has million dollar mansions springing up.  

May I ask why these areas interest you?

Exactly, if you secure the property for 95k then that is seen to be the market value, because that's what the market is willing to pay.

This probably works well on buyers who have an emotional attachment to the property. Remember you're an investor, work out what you can pay for the numbers to work and if they want more walk away. I always make this clear to agents early on in the piece.

You can subscribe to RPdata (at a cost) to find out this information.

How do you determine an "unapproved duplex" from an "approved duplex" ? 

Yeah just a cheap online one, as I don't have a large balance to justify the expenses of a more flexible option ( I'm 26). 

I'm a big fan of salary sacrificing into super, especially while you're young. The compounding effects can be amazing. I would keep it going, you obviously don't miss the money, and if you did have the money there is the chance it could just get frizzled away.

In Townsville the rates notices state a unimproved land value, but no improved value.  I find the unimproved land value to be quite accurate. 

For a 3 bed house you're looking at about $2900 per year, this includes a water allocation of x amount KL.  you won't be charged any more for water unless you exceed the allocation.