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What you're not including in your calculation is the FUTURE. Your calculation is still based on do I rent or do I buy a place to live in. How does having multiple IPs worth 1m, 3m, 5m change your thinking? Ideas like 'rent is dead money' and 'buying property is the biggest purchase of your...

You really have to get past that. If you want to do this property investing thing, you really have to start thinking about buying a property as just another transaction. Like buying a car, say. Analyse the fundamentals and the numbers. Don't get clouded by how big it seems to you now. Let me...

I would prefer to think of the 12k as an oppotunity cost. What are you getting in return? An ip that you can deduct against income. More imporantly, an asset that will appreciate, and you can use as a base to buy more assets. Contrary to 'conventional wisdom', I don't think rent is dead money...

What's wrong with paying rent? Often you can rent for cheaper than you can buy a place. Financially, it makes a lot of sense to rent and buy ips. While the stamp duty exemption may be lost if you buy an ip first, remember if you take the fhog, you can't rent it out for at least 6 months. That...