Warning: Newbie alert!! I have been reading these forums for a little while now as we are about to make our move in regards to investing. Background - 1. we hope to have our house sold today (3rd inspection this morning - agent seems to think they will make an offer). We have decided we will rent a PPOR and invest our equity which will be circa $450,000. 2, We are seachangers - both having left high income (and high stress) jobs to live in Port Macquarie NSW some 6 years ago. Since then we have been doing our own thing (self employed) but earning very little - ie enough to get by but not enough to get ahead. 3. I am an average (at best) handyman so major reno type projects will be beyond my scope unless I sub contract work out I would be more comfortable in buying property where I can keep an eye on it but I am not really sure of this area as a likely good performer. Anyway heres my questions.... 1. Basically because of our lower income serviceability of loans will be an issue (I estimate we will have approx $600 / month difference between our rent and our previous mortgage payments. Would I be better of looking at property and organising the loans so that the rental return makes it virtually income neutral (ie paying a higher deposit and borrowing less) - meaning less properties OR look at more properties which are negative geared and look to make up the difference from the $600?? 2. Port Macquarie is an area which has had a lot of units built in recent years - primarily close to water and targeted at a mix of holiday rentals and residential. I have read that a change of infrastructure is normally something that can push along property values. Port is currently about to lengthen its airports runway so that it can take jet aircraft meaning that it will be a viable option for Jetstar and Virgin and providing (finally) some decent cut price airfares both into and out of the market. Is this something that could help property prices?? 3. I am thinking more of the budget end of town in terms of what I will be looking at. I have this thought that there will always be demand at this end of town from both a rental and sale point of view but I don't really know if that the 'glut' of more modern units may keep the prices of the budget end down... something tells me this may be the case. I would be interested in opinions on this. 4. Lastly - I have dealt with a local mortgage broker her in the past but to be frank I am not confident on his ability to see things 'outside the square' and being able to give me the best advice. I would therefore welcome anybody here who has a positive experience with someone to post it (or indeed send me a private message if appropriate.) Likewise from any brokers on here who may be able to offer their services. Apologies for the length of the post and I look forward to any responses. Cheers. Mark.