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And RMD = ?

Groan!

Well, $201,587 - 47.5% = $105,832. Steve assumed that the entire earnings amount was taxed at the top marginal rate (should be 48.5 incl. medicare levy). But, in practice, if this was your only income, the first $6K would be tax-free, another portion would be taxed at 17% or so, another at...

OK. I have a really dumb question, but I can't see the answer. Measured long term, I must presume that property growth will exceed inflation. Am I right or wrong on this, firstly? If property prices continue to grow, but rent increases only by inflation, this tells me Yields will continue...

Steve: I'm impressed you even found the time to connect and check the forums!

Glenn: (i) If you bought a property for $450K, it would have been subject to an LVR also, meaning the original loan would only have been $405K (90%) for example. An amount of $45-90K had to come from somewhere else, forming the deposit. That would likely have been funded from another property...