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Here are some example figures http://www.pasa.com.au/NRAS_Calculator.html NB: I have no affiliation with the website, was just the first one google offered me.

NRAS properties are a gov initiative to help the 'affordability crisis'. The deal is, you rent them for 20% less than market rent so that someone with the appropiate income threshold can rent them. In return, the gov gives you $10K per year tax free (in arrears at the end of the year). So, its...

How can it be the engine to take your portfolio forward if a) majority of nras properties have a premium price (thereby reducing the capital growth achievable in the short / medium term) b) They screw your serviceability for future properties to the wall due to their yields being extremely...

Its unusual for someone to want to pay their investments off? (Except via selling down). I'm not saying its right or wrong, just curious what put you on that path?

Yep, that's why $100K would be plenty for me. I'd spend 3 months a year exploring similar places as your daughter did. I'm in the process of changing employers, so hopefully that'll help my serviceability ;)

In the interviews section, check stories like KeithJ's (and a few others). I don't wish to detract from his great success by any means, but essentially he just pulled out his equity and went IP shopping. He didn't 'scrimp together deposits' as you put it.

Back on the original topic - how do Somersoftians propose someone goes from starting from scratch to 100k pa? The reason I ask is because a lot of the success stories are by people who already had their home (partially / fully) paid off. Therefore they drew the equity out, bought houses /...

Call me selfish, but this is part of the reason I'm not very keen on having kids. Theres other reasons too, but this isnt the right thread for it. Seems to upset most girls though :rolleyes:

You don't think quality of life is worthwhile along the way?