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Thanks Rixter. I remembered 30% but was not sure about any other details. I have been very cautious about GC but looking into details of Reedy creek as suggested on this forum, it looks good with initial research. Low vacancy rate is attracting me. But I will take time to make any decision and...

I am trying to see what options I have for units if I go with that option. Can stretch my budget to potentially 300-350k per unit if required. The only reason considering 2 units is after ready few articles, it sounds like it will be quicker way to gain equity than investing it in one house...

Thanks JDP. I have started looking in to units near Brisbane and Gold Coast. Thinking of buying 2 units around 250k and spreading the risk. May be 1 in Brisbane and 1 in Gold Cost. Though, I am bit scared for getting in to units as it is easy to get oversupply of units in both Brisbane and...

All, After my few days of research, I am now leaning more towards QLD. At this stage I am thinking of keeping Gold Coast and Brisbane as priority. I am ruling out Adelaide considering it is still in recovery stage, I feel will get higher returns in QLD market in current condition. What...

Thats great Jude. How are those property tracking for CG?

You suggesting buying a unit compared to house for 250-375k or buying further out in suburbs like Elizabeth\Norlunga etc? I am tempted for Adl, the only thing I am worried about is that I may not get much CG in next 1-2 years to give me leverage.

I will look in to this Jude. Thanks for your suggestion.

I agree on Sydney but at this stage it is not a feasible option since it is at top of market on other hand GC is still coming out of recovery stage hence thinking of it.

I started with that thinking Rixter but concluded that it would be better to diversify in some other city at present rather than purchasing second property in same city at same stage of property cycle. It will help me reduce the risk.

Thanks Cash Flows. I will look in to the suburbs suggested by you. Will it be better to pay LMI and keep some money in offset compared to making a safe 20% deposit payment?

Hi All, I purchased my first investment property in Brisbane before 5 months. I am now ready for my second property. I had paid 20% deposit for this property, prices haven't moved much since I bought so don't plan on using the equity. I have deposit of 100k so looking to use that, Hence...