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Totally agree! I find investment magazines a huge disappointment. Filled with fluff and advertising.

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Im a property buyers advocate on the Gold Coast and this is a question that comes up all the time from buyers - especially buyers from interstate where our property here is 'cheap' by comparison, where just on the $1mil mark or a touch over will buy you a 4 bed, 2 bath home on the water....... Depending upon the buyers personal circumstances and what they want to achieve long term, I would usually suggest buying two properties so that you can diversify risk, and capitalise on multiple emerging hotspots - and to ensure you always have an income coming in. Its alot easier to find a tenant at the $500pw mark, than at the $1000pw mark, with competition at the $500pw mark fierce seeing many tenants offering over and above advertised rent, and are prepared to sign long term leases 2-3 years. As a %, properties at the lower end of the market have had the same, if not better, capital growth than the higher end, on the Gold Coast.

Buying multiple properties too means that you can onsell one with ease if your circumstances change - without having to cash out of a market totally.

*Naturally, all of this is of a general nature and it depends on your specific circumstances and end goals

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i think Paul recommended to use the $100,000 to be able to get a loan without paying LMI

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