Hi all - first want to thank all the people that have contributed to these forums. For a novice it is filled with interesting discussions and strategies. I am currently looking at the possibility of buying my first home. I have scrounged/saved 50K and earn about 60K pa. Running these figures through bank calculators it looks like I can borrow about 300K. Which in Darwin, NT would buy you a small unit (often in a suburb you wouldnt drive through never mind live). Anyone know how accurate these calculators are? I thought I was on a decent wage. I am thinking now that I should possibly buy an investment property to assist me in building equity for my future PPOR. From what I understand there is no money to be made from the leasing of the property, that even with it negatively geared you likely will still be making additional payments to cover the mortgage. I suppose this leaves capital gains which likely wouldnt be realised within a few/five years or more? Please jump in an correct my assumptions or point me in a direction/options that I may not have understood or looked at.