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Hi Tess, Sounds like a good plan... It just takes time, and might take a little longer than usual given the current macro economic environment, but then again it might sneak up on you reqlly quickly. Patience... Interesting house. Do you really want 5-6 bedrooms though! :eek: :)...

I know. :) But, what's the point of $1M in gross income if its servicing $1M in interest charges on debt... That won't buy you many shiny new beach houses! :p Cheers, Michael

What? *scratches head* :confused: $1M pa gross income over 1900 properties would be $526 per property per annum, or the amazing weekly rent of $10pw. I think you're a tad under-market mate... ;) I'd need 23 of my IPs to generate that much gross income. After Mona Vale I will have 3...

Hi Property Meister, I think HiEquity has already answered that question... The point is that you need to build wealth. Fullstop. Getting that dream property early may not maximise your wealth creation options. If, however, you think it will outperform your other growth options, then...

Lizzie, Spot on! The question is more one of "how much to allocate to the PPOR". The more you allocate to your PPOR for that particular lifestyle choice, the less is available for other options such as paying down IP debt and bringing forward retirement. That's why I argued to live...

Property Meister, The real crux of your question then is around portfolio mix within a purely property portfolio. How much is dedicated to your PPOR for pure "use" benefits, and how much is left as IPs for passive income benefits in retirement. The timing of the transition is less...

That's it in a nutshell! I saw this thread and one other this morning and was tempted to reply to both with a one word response: "patience". There's no shortcuts to wealth that don't come laden with far too much risk. Be patient and live comfortably within your means whilst investing the...