Hi guys, we could really use some help choosing! We are a couple buying our first house together, the plan is to live in it for the next 4 years or so and then rent it out and buy something else for ourselves. Long term we wanna build up an investment portfolio. We have found these two houses (north Brisbane) and are unsure which one is gonna be the better investment as well as the better choice for our current financial situation. House 1: 790m2 block, 3 bed, 2 bath, 2 garage, 30 year old house, Kallangur Will need renovations, we're talking, bathrooms, kitchen, laundry, outside areas etc. We have done a building and pest inspection on it and found out that the whole retaining wall (the block is surrounded by retaining walls) needs replacing and so does the fence on the longest side of the block + other minor stuff. Rental appraisal 380pw. House 2: 325-400m2, 4 bed, 2 bath, 2 garage, 2 year old house, Burpengary/Narangba (looking at a couple) Move straight in, do nothing, don't spend any money, save instead. Rental appraisal 450pw. They cost the exact same - 400k. Both close to schools, shops, trains. Kallangur is of course a little bit closer to the city and is closer to the new university that's just opened at Petrie. We obviously know about the potential growth in Kallangur due to it being so close to the new uni. Renovating will add value but replacing the retaining wall, fence and other stuff that might come up won't and it will be expensive. Between us we can save up $12,000 a year. What would you guys choose in our current situation?