Hi Everyone, First time poster - I have been reading a lot on this forum. Would appreciate some guidance on my personal situation: 1. 43 years old (my wife is the same age). Our combined income is $350k per annum (including super), before tax. 2. Have two kids - 3 years old and 12 months old (both in childcare 3 days a week) 3. PPOR - 1.5m in value with 900K loan and 500K sitting in offset - p&i 4. Investment property worth 800k with 200k in loan - IO - positively gearing We are paying a lot of tax (not the primary focus though). Our goals: We would like a $7m portfolio by the age of 65 which is when we plan to retire. This may be ambitious but our goal nevertheless. We have considered the growth of our current assets in coming up with this figure. We have been thinking about buying a property of around $1.2m with a focus on capital growth to get closer to our goal. We know that property development is potentially a faster way of getting there but we are time poor and this strategy will not work for us (for other reasons too). We can hold the property till we retire. This will not consume all of our borrowing capacity (sitting at 1.9m). We were thinking about buying multiple properties - but think that buying one good property can provide a good foundation for us and maximise capital growth - instead of multiple cheaper properties. We would also like to extend our PPOR at some stage (not a priority right now). Wanted to check if our thinking is flawed/whether there are other options we may not have thought about. Thanks.