If you are cash rich then your strategy should be the exact reverse of the more common dilemma (cash poor)
Most of these threads are about
MAKING money.
You have money, you are fortunate, your goal is
NOT TO LOSE IT!!
To this end, you should be investing in solid blue chip areas that keep and retain their value.
NO speculation, No developments, no hassles?. because you have no time and no experience.
Leave that for the experienced, the hopeful or those with delusions of grandeur.
(you will find all of them on the forum).
No new and "up and coming" areas and new builds, because they have no proven track record and you don't need to take the risk so why expose yourself?
Find the areas of solid price retention, preferably newly renovated and buy one. the neg cash flow and the renovated depreciations will help you with your tax bill. Start paying it off like crazy because at the end of the day losing money is a bad idea in the long run.
When it is neutral, do it again.
Your emergency plan…..if the cash flow stops for any number of reasons then sell the neg geared one(s), cut your neg gearing losses and you will still have neutrally geared one(s) left that cost nothing to hold and have you further ahead than most of the population.
Deltaberry says it well.
In this situation, buy the biggest and best property int the best locations and suburbs. The capital growth will outshine whatever measly cashflow you'll get from an inferior property, and it is almost bullet-proof. Also helps achieve your objective of tax minimisation since you'll lose money while holding it, most likely.
Most people in your situation are better off making money by not losing it.
Especially if you are time poor.
Remember Buffet. Rule number one is don't lose money.
Most of these threads are about people with schemes and dreams to have extra cash flow. And they are willing to take the risks to get there.
You are already there, why take the risks? You have the luxury of surety even if its a slower route
there will never be a one stop shop that deals in blue chip suburbs,
The setups you refer too are all touting convenience to disguise the fact that the ploys are all speculative.
The best way to ensure that you are getting independent fair service from your bankers/accountants/ buyers agents is to make sure they don't know each other. You are the boss and you pay them.
Remember, Sharks swim in packs. So do spruikers
Cheers
Xactly