well i'm back again with the latest devolopments…..and thankyou for the replies so far.
so i've done some more reading (including mcnights book last nite-good stuff!) and searching and am slowly forming a more solid plan.
made the first move today by seeing a finance broker and came up these loan details:
bank is adelaide bank national
can borrow up to $361k
loan amount $330k (will not be buying a prop over 290k though)
100% finance
term of 30years
principle & interest  (may switch to IO,have to consider options)
rate of 7.3%
monthly repayment of $2262
total opening costs $12,507 which equates to $5507 after the first home owners grant.
From here the search is on for the worse property in the best area close to brisbane lol.my plan for the 1st prop is to find a property that is selling under its value,renovate and either use the equity or sell after 12months for the next IP. 
soo of i go to study some more and put the leg work in to find a terrible looking bargain!