Hi all, I've lurked on these forums for quite some time, but finally decided to join up and ask some questions. I'm looking to rent out our current PPOR and purchase a new property closer to the city. Our situation is, we are a young couple with a 6 month old child. My partner is returning back to work shortly, part time. Her income below is pro-rated based on her full time salary, child is in childcare for the days my partner works. Our situation currently is: Primary income: $95k per year before tax Secondary income: ~$33k PPOR Current valuation (by a valuer 3 weeks ago) $380,000 Current Morgage $330,000 @ 5.59% Repayments: Approx. $1650/month Future place of residence Budget (hopefully) ~$650,000 We've also had a real estate agent out in the last week who has advised they can rent the property out for $450/week. Some final details. I currently have a personal loan of around $20k (4 years remaining) years, which was from some debt consolidation. No credit cards, not a heap of savings. I have a company car/phone and don't pay any FBT or expenses related to this. My question is, is this a feasible plan? Any advice?