I have a property that is worth approx $260K and the mortgage of $115K. Repayments are $450/ftnight interest and principal. Rates & body corp approx $4K a year. It is rented at $300/wk. I am on a wage of $70K. Am I in a situation to buy another property at approx $350K. What suggestions would people make. I would like to live in the property and minimise outlay/tax. Any advice would be appreciated.