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yes great posts skater and bayview! and also thanks to ok180 for getting the the debate going :p Also not only do you need good yields along with CG but also strong rental demand and you would have to do your homework on this before buying. You wouldnt want too many vacancies.

Ah ok, thanks for the tip

You need to understand though people have different goals. Some people are in the camp of making money through developments, reno's etc whilst others are happy/content to buy and hold and grow rich slowly! I plan to retire at 60 and when i'm in my 60's I might be keen to have a try at a reno or...

im not sure how to do a poll, but i could give it a try

I've been trying to find some good threads about people who are on lower than average incomes and the success they have had with the strategies they have employed. I'm finding it tough to find these threads. In the search box i type the words low income investing, lower income investing...

Yeah good idea, Do you want to organise it ? (with a poll attached) Yeah i agree below $60 K I think would be better. :) Why not gross? ... as in gross payg salary. Wouldn't that be easier ?

bump, found this old thread from 2008. Thanks Bayview! :)

thanks for the tip ;)

I just assumed that cos ANZ would only lend $220 that the others would lend a similar amount. Maybe I have given up too soon. :confused: It couldn't hurt to find out what all the other banks are willing to lend could it. Then I could make a decision

I'm on $50 K pa and I have $31 K in my offset. i save $1000 a month. I have a $177 K ppor mortgage and making tiny repayments of $650 a month. Was pre-approved for just $220 K for my first ip. :mad: The bank doesnt think I can service anything higher. Why cant they look at my bank...

bump ;) .........

bump, every now and then i come back to re-read this thread. Find it motivational. :)

Well i'm hoping the Perth market will start to move a little. I hear the lower end is picking up again! I have a loan of $177K on my ppor property valued at approx $250K in Highgate Perth. I'm waiting it out until its worth $300 K. I have $23 K in savings however I dont want to use my buffer as...

bump bump :D

Did anyone start out by buying a regional ip (because they are more affordable) so that you could get into the market sooner? How did it go? Have you been happy overall with your investment. Was it worth it? Did it take you a while to build up enough equity to buy your 2nd ip?

wow :cool: How do you manage to afford it?

Yeah Im starting to think it would be better to buy a 2 bed if I'm buying in Vic Park. I just had a look at the demographics. 51% rent in this suburb and of those 18% are lone dwellings, 35 % are made up of single parents. I would have more of a field to choose from.

Do you have much in savings? Its really important to have a good buffer when you buy your first ip. I plan to keep a $20,000 buffer in my offset account. I've saved $20,000 so far and hope to save at least another $30,000 before buying.

It sure is confusing isn't it, there are so many options and strategies!! I have been researching for the past 6 months and it sure takes a lot of reading to work out whats best for you. Inner or Outer city. Unit or house. Go for capital growth or rental yield. Try for both. I...

oh and how did it go? Did you buy?