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I bought three months ago in a growing, thriving area with a median of $200k, many houses around $500k and virtually nothing under $100k. We just got lucky. I'm still of the opinion the house took so long to sell because it was priced too low.

These big numbers just boggle me. My PPoR was $25k (plus same again in reno) and our IP will have about $30k owing on it once it is divided, with a rental return of $150-200pw when we've got a plumber out. That much going out just for capital gains sometime in the dim, distant future just...

:eek: @ turning a nice interest earning deposit into a $24k a year loss Thats more than just negatively geared at first, that's going to take a long long long long long time of rent rises to get that to neutral. So ... why?