I wold like to buy my first investment property and I am with the renovate and hold (rent) strategy. i live in the Gold Coast and I am trying to find a suburb with good potential in the Gold Coast so I don't have to travel for long specially during the renovation time.
My budget is up to 1m but I would probably go with 500-600k house first then buy another one within 12 month of the first purchase.
I am 44yo and as many others.. I would like to own properties that generate enough income when I retire, hopefully before my 60 :)