Mate,

There is nothing wrong with wanting to invest close to home but if your investing for lifestyle then investing interstate or overseas can gain a tax deduction for travel to your property each year. If you have a good property manager then it dosen’t really matter where the property is (within reason). I have 5 propertiers in QLD, 2 in the ACT (my home town) and 1 in Adelaide. Each 6 months I take a leisurly trip either north or south to see my houses and the lifestyle is the reward the tax deduction is the bonus. Think it over and invest where you feel comfortable. Good luck too, Scotty.