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Well that's true :D, but I didn't have the income 10 years ago at 15 years of age to be thinking about property. RedCat, thank you for your post explaining some of your recent purchases, it does help to have context to your decisions not having read all your previous posts. I don't necessarily...

Personally I would not consider an OTP 2 bedroom unit purchase for $530k in Coburg the low risk path: http://www.somersoft.com/forums/showthread.php?t=60152 Each to their own though I guess. Your Growth/Yield/Risk rule looks to me like one of the property rules (read: myths) that the...

God for bid that property should put money into your pocket rather than taking money out? :rolleyes:

How about if you already have 3 cash flow negative properties (2 purchased earlier this year) you concentrate on paying down the loans on these?? You have already purchased 2 in an environment where decent capital gains are looking unlikely for some time to come. Further to this you are planning...