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Or you can just do an "exchange" on the living arrangements. Was investigating this avenue to cut down on buying and selling costs, agents fees, CGT implications..etc.. but there just wasn't sufficient demand or people who are on our same wavelength and don't act like sheeps. There are...

Only because no one rented it or your maintenance and expenses were too high. Plus theres the wear and tear to contend with also from weekenders. If you don't need the $, might be worth considering weekly rentals only or exhorbitant weekend rates to get the right clientale.

Now thats the kind of bargain I like. Unfortunately every jo average on the northside is looking for the same bargain also in the $1-$1.5M mark. Good luck with the beachside hunt. We're all set, just under 2 hours from Syd too so won't be competing with you guys but I'm assuming you read...

Hey Cliff, am assuming its waterfront on a lake somewhere? the newew front line stuff is still holding its own. You might get the occasional decrepit land value pull down job where you might snare a bargain but then construction risk is just too high in this environment. Better off buying that...