Thanks everyone for your help, I guess im just rushing into things like I always do..
Yes I will take this year to educate myself so i can minimize any potential mistakes.

Thanks again everyone

Thanks so much Dereck, After reading your post I am vulnerable and would probably bought a property without doing research.

I will do my research and talk to a broker about my borrowing power and I would take your advice "If you want to buy in Perth and use rental income for retirement then you will need to wait a while, build your portfolio…[Read more]

Thanks for the tip Jamie.

But would you know any good suburbs I can look at for investment for about 200-400k?

Hey Pat,

I was just wondering if you have found any good areas in Perth to invest yet? I am also interested in investing in Perth and a Newbie at this. So i was wondering if you could give me a few good tips on areas to invest in Perth that will have a good turn around. ($200-$400 G max)