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OK......and your point is??

Agree that buying 40 properties in one location can be a risky strategy...but it also depends on the level of equity you have to ride out things, whether you are tied to on bank, so on.... With the exception of 2 properties all my properties are in greater areas (i.e. includes outer suburbs...

Ian, Congratulations....there are very few people who advise on property with DFPs and with membership of PIAA! I am pretty lazy...so I just buy and hold like yourself. I have a day job so...it may take a while to reach your portfolio size!:) I do agree that with a portfolio your size...

I believe that Nth Qld is still correcting...as prices there have tripled even quadrupled in the last 10 years. Also the flow of migration there has slowed as the resources boom slowed and retrenchments slowed. My feeling is that is is Sydney's and Melbourne's time....current results show...

Ian.....I stand by what I said....Nth Qld does not offer the same potential as NSW and VIC at the moment. I agree with Gladstone...as there is alot of infrastructure going in. I have never been a fan of new property as there is a price premium built in. As for you querying what makes...

Ian Hoskings...had a write up about him a few months ago in the Your Investment Property Magazine. He apparently has over 40 properties and buys only new for depreciation. In the YIP Magazine he is said to be worth aobut $14m gross and $3m net. I am not convinced now is the time to buy in...