It's with great pleasure to present
Your Focus Market and Property
and this is why...
The only way to replace your income through property is by purchasing positively geared property, or buying property which you spend the next 5 years paying down as aggressively as possible.
If you want to buy a more expensive owner occupied property, then you need weigh up what is more important to you in regards to your time and stress or winding down from work. The only way you can get into a more expensive owner-occupied property is by ramping up the businesses and the income or by getting into more debt or a balance of the 2.
If you want to go down the investing path to build a base to pay off the owner occupied. You need to expect to have a 10 year timeframe on that. So there is a few things that you guys need to weigh up here and its not something that I can answer as its more of a personal question. In regards to what is better financially, a financial advisor would be able to crunch some detailed numbers for you and run a few scenarios for you