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Interesting to know the bank valued it higher than the open market for a House+GF. I argue that this isn't the case for majority House+GF, more the reversal. In your mate's case, I didn't understand why would this put a big dent in his portfolio, when bank valued higher? He could accessed the...

Wasn't this Helen Collier-Kogtevs (who?) strategy? ie to buy 10 regional properties that are positive cash flow, and buy 10 capital growth properties. The 10 high yield allows you to keep 10 CG properties. When you look at it, the House + GF is similar to her strategy. The Front house is...

You would need $130K in cash plus stamp duty of $23k to fund the Newtown purchase. The 130K GF flat build would be borrowed money typical 20% which is 26k and no stamp duty required. An added benefit of the GF is you virtually increase very minimal or NIL on the land tax threshold. I always...