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That's what my maths said. Or about 1.5% rental yield as income and out of control costs too. (A humpy ??)

My after tax maths were spot on. The article said $10K "out of pocket". That's after the tax refund reduces the loss. I was alluding to the difference between CASHFLOW and rental property net rents after tax. To end up with $10k out of pocket you would have to have a $20k loss before tax...

And if the negative gearing doesnt come from cashflow what is the issue ?? eg : Cashflow positive but the depreciation and CA cause the $10,000 "Loss"...And a higher tax refund...This ADDS to the positive cashflow. I rarely ever see or hear a potential investor seek a IP that will burn...

What a stupid article. Lets state the bleeding obvious. Negative gearing means you might not make what you think. Sherlock Holmes? Ignoring cash flows yield and depreciation? Capital growth?. A waste of my 5 mins of life.