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There you are, that's what I was trying to say, he just said it better!

It was a kind of morphed response to both of you :) You're right, to each their own. I don't like tying that much up in one property, but then I'm thinking of buying two houses next door to each other, which will end up costing more than that, so some would say that's the same thing...but...

I probably would for my tenth, it just seems like a lot of money for your first; I'm about spreading risk a bit, and having two properties side by side worth $1.2M + doesn't sound to me like spreading risk. But each to their own, as I said I'm probably just biased to slightly lower priced...

You're not going to get a 3 bedroom townhouse for the bottom end of that price range in South Perth. Check the link below, there'a bout 10 properties or less in that price range, and mainly 2X1's and mainly older crappier places If it was my first IP I would want: 1. As new as possible...