Wow, this is great. Many thanks to every one who has responded! Would I be too cheeky to ask what areas? [biggrin]

Thanks Paul. I have but the prospect of the FHOG and now the exemption on sales tax is very tempting. Also, I’m confident of being able to reduce the mortgage quite quickly. I’d be looking to by a property for about $350k with $70k deposit

The guru has spoken! Thanks Steve, I’ll keep on looking. One more thing, would you say you have (or had) greater problems with tenants in low cost housing than in say, metro Sydney or Melbourne?