Def get some advise from a financial planner / lawyer. Paying off your PPOR would be the most sensible option IMHO but you really need to get some proper advice. Good luck!

TBH I’m probably in the “keep the penalty rates” camp, but I can certainly see the argument for abolishing. The current rates are very high and simply out of the question for some smaller operators, who can’t afford to pay staff outside of “normal” operating hours. However, people working these shifts need to receive some sort of compensation. It’s a sticky topic and one that won’t be easily finalised any time soon.

Sounds like you’re living the dream guys! Good work!

I’m sure TerryW would have a fairly good idea on this one. You out there Terry?

2br would make is pretty cozy, but it would depend on the area as to whether you can get a 2 br renter.

Some great advise from some experts here!  Thanks for sharing guys, you often save me from asking the same questions.

Split system is definitely the way to go.  You are only obliged to provide heat and cooling, and this will do both, whilst potentially halving your maintenance costs as it's now only the one unit.

Yep unfortunately it happens all the time.  Best to find yourself a dedicated property manager as opposed to a real estate agent (which is what you're trying to do obviously).

I agree with Jamie.  You'd be best to talk to a decent broker who should be able to help you out with some viable options.

Good luck on your first IP purchase!

From what I know of the area, yes steer clear of Coledale and South Tamworth is your best bet.  What sort of property are you looking at?