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And that sums up the entire thing, doesn't it :)

I didn't say I thought very hard about my vague figures and that they don't have gaping mathematical holes :) The whole scenario works much, much better if you build yourself or buy regional so you've got positive or neutral gearing from day 1 (without a deposit) and aren't buying $500k...

If you're saving $50k a year with your salary increasing at inflation or maybe higher in that time you could have saved easily $700k, give or take. Nikolina is implying she saves that or more each year. Plus rents - say $20k from each house each year and rising with inflation - there's another...

There's no difference between 21 rental incomes adding to X and one PAYG income also adding to X. Would you tell people to take a lower-paying job to pay less tax? Its a good, safe, very risk-averse strategy.

You put out all the buckets at once and pour the overflow from the first into the second etc :) Its a very good strategy for those of us who are either income challenged or debt averse or both. CG is not income. Believe me, I've had ridiculous GC in the last year but I can't do a damn thing...

Like Nikolina we're aiming to keep the debt levels as low as possible and the income levels as high as possible, just going about it a very different way. I'd prefer to be debt free. We're still on a below median income, by the end of the year we'll be above median.

At the end of this year, fingers crossed, we will be living off rent + passive internet income + intermittant 'hobby' business income + FTA/FTB. I suspect we will also qualify for something from centerlink at a part rate too but aren't counting on it. We need the passive income as we have a...