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  1. RumpledElf

    Positively geared properties - do they exist?

    Yeah. I worked it out to be slightly over 20% for mine (low rent and they had a minimum fee and lots of fixed price charges) and decided to self manage. I actually need a passive income in the short term ...
  2. RumpledElf

    Positively geared properties - do they exist?

    There's one here for $130k that needs a fair bit of elbow grease in a cosmetic reno (paint, flatpack kitchen etc - maybe $10k of work) but would then rent for $200pw or more, which strikes me as pretty positive without running any figures. Its been for sale forever. Noone wants it. We're...
  3. RumpledElf

    Positively geared properties - do they exist?

    If you build a brand new house in a regional it is considerably positively geared from day 1 even before depreciation. Who says they are all old houses?
  4. RumpledElf

    Positively geared properties - do they exist?

    You need to find a deal like ours. Cheap fixer-upper ending with 25% potential yield, or ~400% CG and rising rapidly. If you're willing to fix the damn thing up over a year, anyway. Most people aren't that insane. I can't ever see us doing this again, it was very wearing, but will literally set...
  5. RumpledElf

    Positively geared properties - do they exist?

    Plenty of em around. I might have another go at selling mine later this year. $75k, rented for $110pw. Not very positive unfortunately unless you self-manage.
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