Hi, I've been loitering this forum for a few months and this is my first question. We are looking to invest in the Brisbane this year. I'm thinking to get the best block of land as close to the CBD as possible. We have a houshold income of 220k before tax and currently have 170k in savings that we need to get out of our "High (read as low) Interest Savings Account" into an investment. We'd like to buy our PPOR in around 4-5 years time as our daughter starts school. At this stage my strategy is to buy something in the 600 - 700 k price range, looking for Capital Growth, and borrow at 88% LVR using some of the remaining cash for light reno to add value and increase rental yield. As I'm a first timer here, I'm not totally confident of this plan, but I think it's a solid one. What do you think about this strategy? Is it stretching it too far? Would you look at buying 2 cheaper properties?