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Exactly Skater :)

Peter, When you have a net gain rather than a loss, naturally you have to pay tax on this gain. So, if the property returns you +$1000 p/a then you (if at 42c bracket) will be taxed accordingly. Therefore, ending up with an after tax gain of $580. However, if you go and get a dep...

Subtle bribery for PM's? Hehe..... I see what you're trying to say, Crest, but doing something like this isn't necessarily going to make your PM work any harder than she/he already is. I let my very good PM's know that I appreciate their efforts (nice thankyou cards and boxes of chocolates)...

And that is a real risk in some of these smaller country town properties, Peter. You are so right! You are forgetting, however, the tax breaks that can make this property even more attractive (but we all know that you shouldn't buy a property for the tax breaks!!), especially to advocates of...