With a budget of $500k plus legals. My idea was to buy two cheaper investment properties (houses) originally my plan was purchasing one in Brisbane and then the other in Cairns. Areas in Brissy I was looking at are Redcliffe, Bald hills, suburbs in Logan and suburbs in Ipswich. I have now reconsidered purchasing in Cairns manly because of the expensive insurance and rates will eat up any positive return. So now I am looking at possibly two properties in Brisbane. Buying two properties for $500k I'm scrapping the bottom of the barrel and I could slightly increase the $500k by dipping into my PPOR LOC to increase the deposit maybe up to $550- $600k but I would prefer to leave the money in my LOC. The idea behind buying two lower priced properties is to spread the risk by buying in two different areas and I think a better chance of a positive geared properties. I'm just not sure if I would be better off spending up to $500k on one property buying a better quality property in one of those suburbs or maybe closer to the city would be a better opportunity for growth or would two cheaper properties have as much chance of growth?. Any words of wisdom?