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Gotta say, I'm with Kenneth on this one. I see those triple exclamation marks!!!, CAPITALISED WORDS and comments such as the ones below quite powerful. Maybe it's not intented, but it certainly can appear that way to some people. In fact, I'm becoming more familar with your posting style...

Best of luck with your decision George, and thank you for showing me (a young investor) that property doesn't always go up every year and that this can happen. Sure, I've read it, but now I've seen it.

This would be true if property was the only asset class that existed. As this isn't the case, I don't think so. It does matter as you lose 'opportunity cost'. It is my view that George should stop thinking that he has a 350k asset that it now worth 315k. I say forget what was paid for it...

The change in the tax brackets will mean the negative gearing benefit will be getting even worse. Then when the rate goes up again to $125k in the year after, worse again. Has eveyone done the calc's on the new tax scales? I think it'll be turning my slightly positive portfolio into negative...

I'm not trying to stress you out more, but... If you're not aware 'redrawing' that money you have sitting in your investment loan is seen as 'new borrowings' in the eyes of the tax department. If you use this for personal reasons, then the full interest on your loan is not longer tax...