Hi All, I thought I'd just share my situation and welcome any advice/suggestions. At the moment my wife and I have one PPOR in Western Sydney, it's valued at around $650K+ We owe around $240K so have $400K or so in equity. Spoke to the broker, we've been pre-approved for $1 million for an investment property and he can get me a rate of 3.99% Now I am quite open to investing in the best place to make money and I'm open to various options, capital growth, positive cashflow, or even negative gearing. My wife, however, wants to invest in Sydney, and she wants a house, not a unit. We might be able to work out a compromise by getting one property in Sydney and one (or more) elsewhere. So, if you were in my (financial) situation where would you invest and why? And, if you were going to invest in Sydney, is there any particular area you would be looking at?