To the amazement of many here, I have decided to buy a IP! My view is to possibly have it as a PPOR in future years. I have decided to look at a brick house, 3 bedroom, with as much land content as possible.. its to be in average condition (improvable). I'm looking at the outer eastern suburbs which still haven't seen the large 25% growth of the inner melbourne city.. I'm looking at suburbs like Ferntree Gully, Rowville, Knoxfield, bayswater or croydon. This whole area should go up more once the eastern link opens. I am looking at spending about $350-380k so I have worked out it will cost me about $800 a month to keep after negative gearing. If anyone has any feedback or tips, please let me know.. I sold my last IP in 2005 so it will be fun getting back into the game..