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thanks sam! appreciate it.....

Interesting points.....as a matter of interest Perth Investor, why would you not spend $600-$700 on your first or tenth IP? Am I missing something obvious here...... Samwise - if you don't mind sharing, what is the place/address that is for sale next door?

Hey everyone - still coming up the learning curve here, so thanks for all the great posts to date. I'm in the early stages of considering my first investment property and have been looking into 3 bedroom homes/townhomes in SOUTH PERTH, WA. There is obviously a premium to get into this suburb...