Scenario 1

[kmor110]

You are house-sitting and have $500 pw spare to invest, with enough equity in an existing IP to get to 20% on a property under 500k. Next year you will need to spend this $500 pw on rent. What do you do?

[Janicz]

Hi All,

Hope I can tap into some of your infinite wisdom and ask for some guidance on my next property purchase.

The facts:
Our first house is a "Home and Income" - divided into a 2 bed and 3 bed. We're currently living in the 2 bed and renting out the 3 bed....