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Thanks again guys. A question about this... how do you calculate possible equity growth in this situation? Are there calculators/equations available that plug in LVR, purchase price, growth rate and time?

I would hope to negotiate the property to a 6-6.2% yield. As well as use the equity combined with some additional savings to purchase a second in 6 to 8 months time. The expanded business should be up and running in mid 2016 providing more cashflow which we'd reinvest, because by that time my...

Thanks j_p That's exactly why we're embarking on this journey, to make the most of what we have... and the realisation is that won't happen by letting the money pool in a high interest account. True i have forgotten about insurances - will add to my list to look into

Thanks for the reply. The FHOG doesn't exist in QLD for established dwellings anymore - instead there's the stamp duty concession. The only reason to make it PPOR would be to secure discounts and have time to make cosmetic improvements (which are optional) - I'd hold it for the designated...

I read the term ?analysis paralysis? on here somewhere on here the other day and seemed pretty apt for where my head is at right now. I'm a complete novice in this area, although i've been reading as much as I can i'm at the point where I could do with some independent advise in order to gain...