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A fair point, but as all my eggs will be in one basket with my initial IP, so I will probably err on the side of caution. (A month or two of a tenant not paying would really bleed my reserves.) Once I build a portfolio in a few years I will be in a better position to follow your example. :)

Interesting post Andrew, as a prospective residential property investor it's an eye-opener. Certainly makes me disregard any thought of investing in a low socio-economic area where the risk of feral tenants is higher. For me the anger of having to deal with such issues would outweigh the...

What a load of rubbish. You can't walk into Woolworths and ask for a couple of months grace to pay for groceries. Why should a landlord be forced to become a charity at the discretion of the tribunal and then struggle to service a mortgage. A great way to reinforce society’s tolerance for a lack...