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Hi Kesse I think you need some bigger numbers to get the idea. Let's say you have a portfolio worth $10m with $5m of debt (50% LVR) that is roughly cashflow neutral (ie you can't LOR as you bought "prime" resi real estate a long time ago and the yields are still too low). Let's say a Bank is...

I think there's a reasonable chance of it being sustainable. I'm sure it's also repeatable, even if it maybe not in this location. Either way, I don't know "average Joe", only good and bad property investors... :rolleyes:

If I Recall Correctly The portfolio in question yields circa 10% on today's values. Much more on original purchase prices. I don't remember much, if any, developing in the story. Just buy and hold... a very good strategy in Port Hedland and Karratha for quite some time now.

Am I missing something or would this just incur huge transaction costs - stamp duty, CGT and agent's fees? And how do you afford to buy the next property after 15 years once you're retired? I'm struggling to see any benefit of this compared to just sitting on five properties and...