No sir, i dont like it.......
Yes you can argue that over teh past 5 years the above would have been a great strategy. In an academic sense though, there is zero diversification and while you still say volatility is relatively low, liquidity is too.
This means that if you buy up now which some have said is nearing the top of this property boom you are left with either a huge loan to service or, if you sell, a huge capital gain to deal with. Using the equity is a great plan and yes i totally agree with that strategy but to buy more property... now... i, as i said before, dont like it
C/N: Buy a home to live in =good. Buy a home for investment = bad.
ps: if we see a year like the last for property ill eat my own hat *runs though house collecting all hats to give to salvos*