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Yes it looks like that, although if you're currently neutral and you have no serviceability your taxable income must be small. Are you a business owner? One day I was discussing my taxable income with my accountant and I commented on how much tax I pay and he said that visible income is a...

angel Serviceability criteria are not the same with all lenders. Have you tried another lender or broker? Some people balance their portfolio with cashflow +ve properties but to start with you need to have equity. Do you have any equity? Which suburbs are your properties in?

Mindmaster From what I can tell, people who have managed to grow their portfolio beyond the 3-4 IP's either got in early (before the boom) or have been buying undervalued IP's or regional IP's which are +ve geared from day 1, or have taken measures to increase cashflow by doing renovations...

by buying positive geared properties so that they are self supported and they don't impact on your ability to service the loan by much. Eventually you'll run out of serviceability or will become rent reliant but that's some time down the track.

I've bought a property before site unseen but its a very risky thing to do. If you can't visit the property then you need help from someone who knows that particular area and there are plenty of people here who could offer their opinion for free or you could use a local buyers agent.