Thank you everyone for taking the time to answer navymt’s question so well.[]

That was great Muppet, we are all reading madly, and wondering with our limited funds where to spend our $$$. There are a lot of us here that are newcomers and even though you don’t hear from us much, are benefitting so much from your knowledge and personal experiences.

Thanks Mini for your personal look at whats good value. Yes we need guidance with the nitty gritty Taking eveyones view point really does help us make our financial decisions.And it was Robert Kyiosaki and Dolf de Roos books( in that order) 2 mths back that has led me personally to this whole new world.

Thanks Slim and Reggie. Until we have our first succesful +ve IP, we need all the confidence we can get. It is scary stuff if you haven’t done it before.

Thanks to all you pros [] []
Rita

Apollonia
Yes and NO tax deductions. Property investing’s the way to go []
Cheers Rita

Cremin, BIG congrats on the stars mate.
Bye

Yes Terry land IS booming along the eastern seaboard. We bought a block, one(short) street back from the water that every one thought was too expensive at the time. 20 mths ago. It has already doubled in price and we are selling to give us the start to get into +IP’s.
Consider:
no income from land is the big down side
and high interest repayment if you borrow 90% like we did.
expenses : rates, and regular mowing
hold for at least 1 YR. 50% less in CGT

Hint: also look at land with pull down houses insitu. old blocks are usually much larger in area i.e. 900sm. as to new 400-500sqm. With councils policies of medium density living in many areas it becomes possible to turn a profit by subdivision into 2.[]