The NG threads are flying around, this one is about the aspect of the argument that investors are driving up the prices....forcing the FHB's out of the equation. Personally; I don't subscribe to that; I try to buy my IP's cheaply thanks; maximise the cashflow, minimise the loan amounts etc. So, can we all - if you are willing - tell about what you have paid for your IP's, and if you have paid over or under the asking price, and how long they were on the market when you bought them? Are you trying to drive the price up, or down? Did you buy for CG only and hence would pay whatever it cost to get into that area at that time; or did you skulk around a neighborhood for months until you snapped up the bargain that no-one else wanted, etc? For example; we owned 5 IP's at one point...all bought using equity from our PPoR for the deposits and purchase costs, with separate loans for 80% of the rest of the purchase price, IO variable rates....not earning a squillion dollars from PAYE, so had to maximise every step - including the rent return if possible, and hope for the CG as well. Paid below the asking price for each...even our PPoR purchases (there have been 6) - 5 of them were below asking; the most recent was $5k above the asking price; to secure it before someone else did.....it was not a FHB level purchase. Let us know.