thanks for the advice. I am self employed also in the UK and i will be starting the same job in australia. Interesting one about buying 1 house and then building equity and bank relationship seems sensible.

MY NEW QUESTION IS) – How much do you think education can affect investors results? Do you need a degree to invest in property?!

HI james – just wondering whether you got my email??? not being pushy just wondering whether i sent it to the right address???

also – does anyone know what i should look up on the net to research the town im planning on investing in??? and what should i look up??

thanks guys, i really appreciate and enjoy the various points of view. If i were to buy a house to live in i wouldnt be buying anything overly expensive and just something i could call my own in an area (i know we are coming into a tough time) that i could see capital growth (6-8km from perth cbd) However i feel there is some opportunity to be patient and i know of a positive cashflow properties or maybe area that i will visit in jan in south australia (where im originally from). Its funny the more you learn about different aspects of investing and strategies the harder decisions can be!!! I am 22 yrs old, starting a job next year which i will stick to for a while, i have 10-15k in shares and really want to make the right decision to achieve financial freedom in 10 years or so. The trust setup sounds very interesting and renting back to myself – new concept to me so more info would be great on that.And the first home owners 7G can apply to an investment property – interesting – is that after a year or am i on the wrong track??
Thanks again guys. If i bought my repayments would be 160ish a week or renting maybe 90-100 in an convenient area………….. the decision process continues but its great to learn.
cheers