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I have only really started this year (only had 1 IP before this which was our PPOR) and have 3IPs in Perth and hoping to put an offer on IP4&5 in the next couple of weeks.

I like your spreadsheet. I have done up one for myself quite similar (increasing from 3 IPs to 8 IPs over the next 5 years) and also used 4% growth for rent & capital gains. The government appears to target ~3% for inflation, so if rents increase inline with inflation it just means slightly...