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ok thanks, that gives me a better idea now.

Yes I agree those would be the best ways to improve the return. What I'm really wanting is to be able to work out a formula etc so I can calculate when or at what stage my unit can become v+? So for example if I placed $xxxx amount into my offset account it would bring it to positive.

Not bad & I have seen quite a few bargains around the Port Stephens coastal areas starting at lower priced homes in Raymond Terrace that can be purchased around $200k but bring in rent of up to $300 pw. There is also a lot of new industries and developments around the area. The same goes for the...

Hi, I have a unit now and I would like to understand or work out how I could make it Cash flow positive? The details are: Type: 2 Bdr Unit with carport Expenses: Price: 220,000 LVR: 90% (How much I'm borrowing) on IO Variable Interest rate: 5.6 for first year and then probably about 7+...

that's great, well done and it gives me some hope. ;) As for my earlier questions, I have just discussed all this with my MB who has given me all the info I need, thanks everyone.

I'm on a medium self employed income but I'm only looking for general rough figures and my MB would work all this out for me in a second if I ask her but I'm just interested to see what members think about all this. I'm guessing I would need to find something that would rent out for at least...

great feedback thanks, I won't go into exact details but interest rate is variable let's say between 5.1 & 5.5 as they will go up soon by the looks. I will be looking at only a small deposit and equity so it will be a large loan at around 90% and I will be buying two properties at around...

It seems it would be difficult to find a unit that would bring in enough rent minus all the strata and council fees to make it positive at least in the price range I'm looking at. For example let's say I buy a unit for $175,000 and the weekly rent is $200 but strata & council costs combined...