Hello Everyone, I am thinking about venturing into property investment in Australia and I am confused about what property investment strategy to adopt. I am a 30 Y.O single male and make 80K from my day job. I have 360K owing on my PPOR in Melbourne (townhouse) that I bought 2 years ago and have it 100% offset (inheritance). I also have a property in development stage overseas which should come online in 3-4 years. There are no loans on this so it will be CF+ when ready and rented. The reason I am thinking about entering the property market is to diversify from Stocks and other asset classes and to create an additional source of income (in the near future) and for later part of my life. The advise I have gotten so far is to pay down my PPOR debt and use the equity to buy my 1st IP in a growth area (I can only borrow upto $325K). This property would be negatively geared and I would be around $800 out of pocket per month after all deductions etc. I will use the equity built up in my property after 2-3 years to buy my next one. I will own around 2-3 properties in total by this strategy. Is this a sound strategy? Or should I, look for a cashflow positive property and use the cashflow generated + equity growth + part of my cash in offset to fund my next CF+ property and aquire more of such properties. I am in my PPOR in the near short term, but its not necessarily my forever home, so I can turn it into an IP and move for work interstate or overseas if needed. Thus I am not paying my PPOR off. Any comments are highly appreciated as I am really confused about what to do. Thanks.