We are looking for buying our first investment property in Brisbane. I have found that it’s a huge research. I have couple of questions/doubts and just wondering what you guys think. I guess, my aim is to build some wealth and buy couple of investment properties in future. I am not quite sure what’s the right balance of positive gearing and capital gain should be. 1. For me, it looks like little old Brisbane CBD units are somewhat undervalued at the moment. While brand new units are expensive, there are some <10 year old units for fair prices. I have around $50K for the investment property, so the LMI would be less. Most of such small units 2BD/1BD are positive geared. But banks think they are in high risk as their time in the market is comparatively high. But apparently vacancy rate is not too bad in the CBD. When you go around 15KM away from Brisbane CBD still there are good old properties with good size of lands for around $450K. They are not quite positive geared, but good potential of capital gain (may be with some renovations). What you guys recommend in that regard? 2. I have noticed that there is 2.5% tax depreciation available for up to 40 year for properties built in after 1985. So, will I get that benefit for 30 years, if I purchase a 10 year old unit? Is there any difference between buying a new property or 10 years old property in that regard? 3. When getting a loan for the investment property what are the advantages of having both owner occupied home loan and IP loan in the same bank (other than offset benefits)?