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Mick C: yes I think your suggestion of just aiming at young profesionals would get me high rent and less worries than with students. I dont think that there is a dishwasher in the kitchen ATM, but Im sure i could figure out some re-arrangement of the cupboards if I do pursue that idea...

thanks: bigtone, sliver x.

is it just a matter of a phone call to the bank and some paperwork? or does the whole loan have to be refinanced?

cheera for the quick replys. Aaron c: I know it is alot of renovating, but like I said i would be doing most of it myself after work and on wk/ends and I enjoy doing it, so I think I could do all i mentioned for between 5 to 7k. yeah there is quite a demand of foreign students in the...

I forgot to add. That my new plan is to obviously move out after I have lived in there for 6 months for the FHOG. And it will be an IP permanently after that. Or atleast for a few years anyway.

Hello all, To give you a quick run down on myself, Im 26 from Sydney and I bought my first property this year in April. The idea originally was for it to be my PPOR, to live in it permanently so I could stop paying rent to people which was paying their mortgages off. Not having friends or...