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RumpledElf, you're very lucky (as are most others) who bought at times when prices were so low compared to today (either that or you've bought in very remote places that most others don't wish to buy in). Indeed median values today look very different. In my case $317K might seem like a lot...

I'm of the opinion that $430K is a lot more of an expense for a non-deductible PPOR debt than it is for a negatively-geared IP. I've gone the strategy of cheap(ish) PPOR (purchased for $267K, current value $400K) to provide my wife and I with a high cashflow for lifestyle and a little extra...