We started investing in 2005, after too long of analysis paralysis. We now have a few IP's, all on the Sunshine Coast. They are doing really well so far, especially with the recent rent increases. It has probably gone too smoothly as there have been no significant problems with any of them. We are currently building another 4 bedroom IP (frame is now up) on a site located near the new Sunshine Coast Hospital (to be completed 2014). This will be rented later this year.
The original plan was to keep buying a property every 1-2 years but we have now had a rethink. I started buying direct shares back in March and so far they are doing really well. I now plan to gear more into shares and top these up with DRP's. They will be bought with a LOC rather than a margin loan; this will be at the same IR as the property loans plus, if the market does take a downturn, we won't be subject to a margin call.
With the properties and with shares, the plan is to buy & hold long term (20 years+).
The original plan was to keep buying a property every 1-2 years but we have now had a rethink. I started buying direct shares back in March and so far they are doing really well. I now plan to gear more into shares and top these up with DRP's. They will be bought with a LOC rather than a margin loan; this will be at the same IR as the property loans plus, if the market does take a downturn, we won't be subject to a margin call.
With the properties and with shares, the plan is to buy & hold long term (20 years+).