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I have no problem holding larger levels of debt now, but I still always try to minimise it at every opportunity. I was having a conversation with my brother a few weeks ago about investing, etc. He is on the first rung of the ladder, currently has about $120k in debt spread across his PPoR and...

Have to agree. The transaction costs with Aus property wipe out lots of gain, so it has to be very very good to even bother. Not to mention the angst and stress associated with it as well. I prefer to hold, access equity and go again. The critical factor is the cashflow.

Nicely done, C. That's why you are in the 5%!! ;) Rob Kiyosaki calles this the "velocity of money" I believe.

Based on this, we can't know what's going to happen; but we know what has happened. If you do some reasonable DD on an area, find a good quality property in a desirable (or upcoming) area, that is priced correctly, or maybe a forced sale if you are extremely lucky, which has good depreciation...

When do they go down? I've been the owner of over a dozen properties in my life so far, and not one has gone down in price since the first purchase. And I don't even have much of a clue about this r/e caper. If I did I'd be "The Donald" by now. If you want to pick a short term window of say...