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I don't think you can get a LOC with a fixed rate, and the ability to redraw funds from it. If you have 100k of useable equity to live off, you could arguably spend the whole 100k, but it is a LOAN and must be repaid at some stage. The idea is that your properties' values go up more each...

Either that, or they are arm chair investors who are all studies and graphs with no runs on the board, or they are bitter and twisted share investors who were creamed in the GFC and other market slumps.

I wouldn't reckon we are. I'd say we are a few of the very keen ones, who also were lucky to find this forum. I know some very, very wealthy people in Vic - all through their own businesses. But, they also invest in things like blocks of units, dabble in shares a bit. None of them come on...