Thinking about a cheap 2 bedroom, 1 bathroom duplex (350k) as a PPOR (Only buying 1 half). In a great area with 250m2 on title. No Body Corp and has just be re-roofed and new hot water. The logic here would be that we smash the loan in the first 2 years. After which the property will be positively geared should we decide to move, or much less than equivalent renting should we decide to stay. The other alternative is that we buy a small house (3x2) much further out. We can live in both..no kids. We're currently renting a duplex nearby. Neighbours are wonderful and only there for 6 months of the year. Worth mentioning that I'm in Darwin...capital growth will be flat or negative over the next 5 years. It seems on paper like a sensible way to go......is there anything that I've missed? Anyone have experience with these types of properties?