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I agree, something highly negatively geared, regardless of growth would kill us financially. I have always like property either near the water, or near a city. As I am worried about the capital growth in Christies, I am also considering a Unit in Kedron north of brisbane? I dont think...

Thankyou everyone, food for thought. Still dont know the answer, but at least I have new ideas to toss around. Not sure how you do renovations from another State... will need to investigate this. Long term strategy is not just one or two properties, but for the next 2-3 years at least I...

Hi Jamie, are you finding the Valuations are stacking up ok there?

Thanks Brady. We are on modest wages and cant really afford this property to be heavily negatively geared, but I know that a good yield is probably going to be at the expense of good CG.

We are thinking of buying a 2nd IP with the remaining equity in our PPOR, and the purchase price limit will be $350,000. I realise that this will be the last property we can buy for awhile (no equity left) so I really want to make it count and be worthwhile. PPOR is in Hills area Sydney...