Starting to get the gist of your guys planning.
So essentially then you focus on working on a LVR and managing your risk, than paying down debt. Then at a later point when comfortable you just stop buying up?
Mate. another good way of thinking through it is working backwards starting with
These numbers are very rubbery
1 How much you want in retirement in todays dollars to spend each week
2 Your PPOR paid off ?
3 How old are you now
4 When do you want to achieve this buy.
Now some numbers( yours might be different. These are random)
1 $1000 per week
2 Yes PPOR paid off
3 Im 20
4 Retire buy 40
With these numbers you could say that if you target regional city properties returning $250 per week rent. You would need 5 fully paid for properties.
4 to live off and 1 to cover outgoings of all 5. Easy
Now how to achieve in 20 years. Just as easy
Accumulate 10 homes ASAP ( say in the first 10 years)and allow there value to grow through a few property cycles to the point that selling 5 of them will allow you to use the gained equity to pay the other 5 off.
considering historically values have doubled every 7 to 10 years( may not continue to do so,this is the risk). allowing yourself 20 years to achieve this is entirely possible.
The secret to this method is start soon and build your portfolio quick. Now i did not mention property values. Its not that important as long as they gain in equity allowing you to redraw the the equity to purchase the next one.
many variables with this such as your personal income,age targets. Rents and your borrowing capacity and ability to purchase more. But this will give you an idea and this is why many keep it to themselves. They each have there own personal target and the smart ones have it mapped out how they are going to get there.
Please take this info on face value and get proffesional advice before jumping in. I am not an expert and have a long way to go also.